At BT Davos 2026, Prashant Ruia, Chief Executive of Essar Group, delivers a grounded perspective on the global energy transition, challenging the belief that fossil fuels can be rapidly replaced by green alternatives. In conversation with Siddharth Zarabi, Group Editor, Business Today, Ruia explains why energy policy must be driven by economic viability rather than ideology. Drawing on examples from India, China, Europe and the United States, he argues that renewables will scale only where they

At BT Davos 2026, Prashant Ruia, Chief Executive of Essar Group, delivers a candid assessment of what is holding back India’s next phase of productivity growth. In conversation with Siddharth Zarabi, Group Editor, Business Today, Ruia explains why building alternative supply chains alone is not sufficient in a world shaped by technology dominance, controls and denial. While India has made strong progress as a global manufacturing and supply-chain hub, he argues that long-term competitiveness wil