'Indian economy is in a sweet spot'

R. Dinesh, executive vice-chairman, TVS Supply Chain Solutions, took over as the president of leading industry body CII late last month. Speaking with Ritwik Sinha, the new CII chief asserts that the country is in a strong position to sustain its growth momentum and become more attractive global investment destination. He, however, also emphasises that, in an election year, political parties should not lose sight of the critical issue of fiscal consolidation...

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What is your take on the current macro-economic fundamentals of the national economy? The overall GDP growth number for the last fiscal (7.2 per cent) released recently seems to have surprised everybody...

The recent growth data is indeed pointing to a positive scenario. There are three major cushions here. Firstly, we don't have any major negative development expected on the economic front in the near run. Secondly, post-Covid, the economy has looked quite healthy. Thirdly and most importantly, India has become the focus of most of the leading global corporations -- both for geo-political and domestic market opportunity reasons.