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THE G20 PRESIDENCY IS A SIGNIFICANT MOMENT FOR INDIA INC., ONE THAT COULD POTENTIALLY ALTER THE WAY THE WORLD VIEWS IT. HERE'S A LOOK AT WHAT THIS YEAR HAS MEANT FOR SOME KEY SECTORS

- KRISHNA GOPALAN

INDIA HAS ALWAYS been described as a land of paradoxes. Be it India’s culture, diversity, or sheer population size, it is complicated and fascinating. For about two decades now, the engines of the nation’s economic growth have been firing impressively. Companies have become larger and many have left a rather large global imprint.

So, India’s presidency of the G20 forum that represents 85 per cent of global GDP and 75 per cent of international trade is hugely important as it comes at an inflection point, when a confident India Inc. is looking to flex its muscles globally after it breezed past the years of the pandemic and emerged relatively unscathed.

Nadir B. Godrej, Chairman & Managing Director of Godrej Industries, has seen the transition of India Inc. from close quarters. “Earlier, we had limited influence on the world stage but that has changed. Businesses are a lot more confident,” he says. In many ways, the beginning of this new story was the opening of the economy in the early 1990s. “Yes, it was hugely exciting but one was also scared. Our group worked with large global names through joint ventures and in the process, best practices were picked up.”

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