On the Cusp of Takeoff?

Despite Covid-19 and its impact, the telecom, media and technology (TMT) industry in India is exuding strange confidence

- Ajesh Chandra

As things return to normal, the climb back to recovery will be steep. And there will be multiple dimensions added onto a complex landscape – the need to go digital, embrace automation, or to take the nonlinear path for growth using technology –as witnessed in the pre-COVID days.

Importantly, there are new opportunities that are arising from businesses closing in other countries and looking at India as a business option. As we aren’t living in static, zero-sum societies bound by political or economic ideologies, TMT can progress in real fast time, with two principal factors facilitating it.

• Extensive globalisation – nothing helps the TMT industry progress more than globalisation and it needs more of it today than ever. Though the sector can replicate its past accomplishments across different location/s to achieve scale and cost arbitrage, this alone will not lead major players to plug out of other countries and plug into India. We need to improve our ease of business process and be a true destination of choice for the industry.