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India in transition: Managing growth is the real challenge
The Business Guardian
|March 31, 2024
India is on an economic multiplier growth trajectory, due to many variables syncing together, so that the total of its development parts, exceeds that of the economic whole.
Contemporary Technology, "Make in India & for the world", financial reforms, a large number of Startups, are leading new integrated manufacturing by Companies, new R&D initiatives, defense collaborations, railway & airport expansions, highway infrastructure thrust, smart cities development, and agriculture focus - all combine to merge into a cohesive economic roadmap for India & the world. Demographic dividend from India's emerging educated & skilled youth is becoming visible. GDP numbers of 7.2% > are demonstrative of this multiplier outcome. The stage is set; the players have their roles defined; the world is watching, in awe of India's external policy impact! The last ten years were the economic building blocks of a solid & well-conceived political policy. How the next blocks are built, is our destiny to choose.
However, management of this growth, in decades ahead, is a different challenge altogether. Sound business scalable models, farm-to-fork smooth supply chains, digitalised customer connects and engagement, innovation and collaboration, discovery and invention, harnessing youth energy into gainful skilled employment, and much more, are some of the areas cut out for political and business managers.
This story is from the March 31, 2024 edition of The Business Guardian.
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