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Klaus Martin Schwab, founder and executive chairman of the World Economic Forum, during the session titled ‘Strengthening South Asia - Impacting the World’.
In an interview at the summit, Subrahmanyam Jaishankar, minister of external affairs, expressed cautious optimism about India’s ability to reach a free trade agreement with the U.S., a day after the Indian and US commerce secretaries spoke on the topic on the first day of the summit. On the contested issue of the disputed Kashmir region, Jaishankar said after recent meetings in the U.S. he felt confident more people were coming around to India’s position.
August 2025
As India continues to be the world’s fastest-growing major economy, Fortune India presents its special issue on the nation’s Top 100 Billionaires. Curated in partnership with Waterfield Advisors, this year’s list reflects a slight decline in the number of dollar billionaires—from 185 to 182—even as the entry threshold for the Top 100 rose to ₹24,283 crore, up from ₹22,739 crore last year. From stalwarts like Mukesh Ambani, Gautam Adani, and the Mistry family, who continue to lead the list, to major gainers such as Sunil Mittal and Kumar Mangalam Birla, the issue goes beyond the numbers to explore the resilience, ambition, and strategic foresight that define India’s wealth creators. Read their compelling stories in the latest issue of Fortune India. On stands now.
Shobana Kamineni, executive vice-chairperson, Apollo Hospitals Enterprise, India, taking part in a session titled ‘Strengthening South Asia - Impacting the World’.
In a session on Asian unicorns, Shailendra Singh, managing director, Sequoia Capital India, Singapore, said India’s tech unicorns are at regulatory disadvantage when it comes to going public or tapping global markets. But as soon as that becomes easier, he predicted there will be dozens of Indian start-up IPOs, putting Indian entrepreneurs on the map.
Rajiv Kumar, vice-chairman, NITI Aayog, India, said South Asia will remain the fastest growing region. “It will contribute significantly more to global growth than it has done in the past,” he said. “In India, we are very focused on raising the growth rate.”
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