In late September, I attended the Mont Pelerin Society 2024 General Meeting in New Delhi, continuing my unbroken streak of participation since 2014, with the exception of the 2020 meeting cancelled due to the COVID-19 pandemic.
This gathering, following the 2022 Oslo meeting I previously wrote on, centred around the theme “Freedom and Prosperity for the Next 6 Billion.” As the Chair of the Organising Committee, I worked closely with the Centre for Civil Society (CCS), which hosted and managed the event. As Parth Shah (Chair of the Program Committee) and I wrote: “Mont Pelerin Society was established in 1947, in the same year in which India gained its independence! At the Centre for Civil Society, we remind our fellow citizens that independence is not the same as freedom, as often has happened, only the rulers’ skin colour changes. Our slogan has been, From Independence to Freedom! India must continue to fight for her economic and personal freedom. What has been true for India has been very much true for the Global South, the 6 billion. And that is the theme of the General Meeting, Freedom & Prosperity for the Next 6 Billion. Actually, the recent political and economic development has put freedom and prosperity of the Global North also in question. The battle cry with which MPS was established is more relevant now than ever.”
An MPS meeting is always an intellectual feast, immersing participants in classical liberal ideas that have fostered prosperity in various nations. For India, this gathering held particular importance as the country stands at a crossroads, with the potential to embark on a path to prosperity. However, realising this potential requires significantly more individual and economic freedom than currently exists. Unfortunately, this concept is not widely understood in India, neither by policymakers nor by the general public.
After the meeting, as I reflected on India’s needs, three key themes emerged: “Swatantra Business” – the need to free Indian businesses from government interference; “Swatantra Cities” – empowering cities by reducing central and state government control; and “Dhan Vapasi” – the monetisation of surplus public assets combined with universal wealth return. These concepts align with my previous efforts to create a movement for prosperity called Nayi Disha. [Here are my writings on related themes.]
What I wrote after MPS Oslo still holds true: “A politically stable and secure leadership can free Indians and open India to the world. A decade of breakthrough ideas like Dhan Vapasi, low taxes, protecting property rights, enablement of education, decentralisation of powers to cities, freeing agriculture from all its constraints, removing trade barriers, ensuring speedy justice and contract enforcement, and eliminating all discriminatory laws can see India rise rapidly to middle-income levels.”
Looking ahead, the next MPS meeting is scheduled for 2026 in Indianapolis. This event will mark the 250th anniversaries of two significant milestones: the publication of Adam Smith’s “The Wealth of Nations” and the Declaration of American Independence. I eagerly anticipate attending the meeting and continuing to engage with these vital ideas for global prosperity, especially 1.5 billion Indians.

