The outgoing CEO at PepsiCo, Indra Nooyi and the chief executive at MasterCard, Ajay Banga, were among those in a small assembly of the most influential corporate world leaders hosted by the US President Donald Trump. The dinner meeting was held in New Jersey at his private golf club with the president aiming to deliberate with the corporate leaders’ perceptions on the state of the US economy. The white house had made a statement earlier indicating that the dinner would be a great opportunity for the president to get a closer view of the economic status from their perspective and get to hear their proposals and priorities for the year ahead.
In the dinner, 15 prominent leaders in the world of business were present. Among them were the CEO of Fiat Chrysler, Michael Manley, Boeing’s CEO, Dennis Muilenburg, and the president and CEO of FedEx, Fredrick Smith. Also present at the dinner were President Trump’s wife, Melania Trump, his daughter, Ivanka Trump and her husband, Jared Kushner. According to the White House pool report, President Trump, during the dinner, referred to Nooyi as one of the “most powerful” women in the globe. Speaking at the power dinner, Trump stated that he was privileged to be meeting the world’s top business leaders.
He said that when talking about business, these were the people to meet. The president added that they were going to be discussing some of the ideas that would “make America great again”. The president also stated that some of the technocrats in the group were “big beneficiaries” of the polices that he had instituted and that they had aided in many economic situations. In spite of the drop in the country’s GDP amidst the on-going trade war with China, an optimistic President Trump predicted a huge growth in the economy in the next quarter.
However, President Trump insisted that new trade deals were the solution to furthering the growth in GDP saying that the economy could in the near future be in the fives but it could only go higher once new trade deals are in place. The IMF said that the strong Indian community that was present at the dinner, continues to spur global economic growth with India now contributing a stunning 15% of the global economy next to only the US and China. The trade ties between US and India are bound to bear fruit for both economies.