Jaitley was speaking at a breakfast session.
Sikka dismissed that the new technology and connectivity would create imbalances.
As per the findings, CEOs are less optimistic about prospects this year.
India's ranking is worst among the five BRICS countries
He said India needs huge amounts of energy for development but will do whatever it can to deal with the problem of climate change as it sees the world as one family.
Prime Minister Narendra Modi on Tuesday invited investors here to participate in the proposed divestment of Navratna PSUs
India and Singapore on Tuesday elevated their ties to the 'strategic partnership' level and signed bilateral agreements for enhanced defence cooperation and in areas like cyber security, shipping and civil aviation.
"In the flux and transition of our times, the most critical need in this region is to uphold and strengthen the rules and norms that must define our collective behaviour," he said.
About 15 per cent of the country's total GDP comes from agriculture.
Arun Jaitley on Sunday said monetary policy plays an important role in stimulating growth.
Digital India and Make in India (initiatives) are designed to give special boost to manufacturing and India has huge potential in these areas.
India has been ranked very low, mostly in the bottom half, globally on most of the parameters for inclusive growth and development even as it fares much better internationally when it come to business and political ethics.
Finance Minister Arun Jaitley on Sunday asserted that India's "real economy" will dictate both the currency valuation and the market.
The IMF chief listed three key policy areas for women's empowerment as the education, getting a job and having a family.
India on Saturday favoured greater mobility of skilled labour
India on Saturday strongly demanded creation of global safety nets to address concerns over volatility in currency movements and markets.
IMF chief said the G20 leaders need to respond to the calls for creating jobs.
This is the 2nd lowest amount of funds held by Indians.
Airbus' own centre in Bangalore for engineering has got more than 350 engineers working in core engineering function.
Parekh said divestment can unlock huge funds.
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