India is at the cusp of a massive socio-economic transformation. Our economic growth has been coupled with employment generation, financial inclusion and development of other social indicators – in both urban and rural areas.

This is an outcome of a Political Transformation – characterized by pragmatic policy making, both at the Centre and across States. However, India’s highly heterogeneous and pluralistic landscape makes this a hugely complex growth and development process.

India needs to generate nearly 1.2 Crore jobs every year, and transition from a low-productivity agricultural and informal sector dominated employment scenario to a high-end services and manufacturing driven economy. This requires significant investments in core infrastructure like power, roads, airports, etc.

High economic growth rates will need to be sustained not for a year or 5-year term, but consistently over the next 2-3 decades, to uplift millions of people from below poverty, and cater to the burgeoning aspirations of our nation’s young population.

Simply put, Economic & Livelihood security will go hand in hand with Energy Security, Environment Security and National Security – both from within and across borders.

The right balance of fiscal and monetary policy measures coupled with focused economic reforms will truly enable sustainable socio-economic transformation and help reinforce our position as a global leader of growth, design & innovation and productivity.

YES Global Institute, the practicing think-tank, at YES BANK has been established to focus on actualising India’s sustainable and inclusive socio-economic growth and development through research and financing in emerging sunrise sectors.

Headquartered in New Delhi, India – YES Global Institute produces research on areas that deeply affect India’s quality of life such as taxation, health care, education, economic security, energy, natural resources and the environment from a private sector point of view.

The Institute believes that India’s inclusive economic growth will come by establishing a mutually-beneficial partnership between the public sector’s governance and policy making & private sector’s innovation and entrepreneurship. Further, it is important that India’s glorious past and rich culture that is anchored in arts, crafts, frugal innovation and diversity be leveraged to define the country’s growth trajectory along a knowledge driven pathway.

YES Global Institute is driving the discourse on concepts such as cultural industries, innovation districts, natural capital and channelizing private capital for development in India. Our approach on taking these themes forward is through dialogue facilitation, knowledge creation, skill development and extensive stakeholder engagement.

Through knowledge collaboration between disciplines and bringing out multinational view points at a domestic and global scale, the Institute aims to effectively harness new technologies, business models, and innovative approaches to develop and deliver policy advice.