Tata Sons Chandrasekaran hails India’s economy, lists 3 key areas for Vikisit Bharat
During the IFQM Symposium 2026, N Chandrasekaran showcased India's economic resilience, pointing to robust domestic demand as a foundation for growth. He underscored the importance of investing in human resources and energy security for sustainable advancement. Highlighting key economic metrics like a low current account deficit and solid bank NPAs, he advocated for enhanced quality in…
Tata Sons chairman N Chandrasekaran has expressed confidence in India's robust and stable economy, despite an uncertain and challenging geopolitical landscape. Speaking at the Indian Foundation for Quality Management (IFQM) Symposium 2026, Chandrasekaran highlighted India's exceptional growth, which has frequently outpaced expectations in a volatile global context.
The chairman identified three key areas crucial for sustaining long-term growth: energy security, advanced and precision manufacturing jobs, and investment in human capital. He emphasized that India's growth is propelled by robust domestic demand, services exports, and a supportive policy environment from the government. Furthermore, demand remains strong across key sectors such as auto sales, credit, power, and cement.
To illustrate the economy's strength, Chandrasekaran cited several indicators: the current account deficit consistently remained below one percent of GDP, services exports amounted to approximately 11 percent of GDP, forex reserves were robust, and bank non-performing assets (NPAs) were healthy.
While acknowledging the economy's stability, Chandrasekaran stressed that long-lasting growth necessitates focus on critical areas, namely energy security, advanced and precision manufacturing jobs, and investment in human capital. He underscored the significance of Viksit Bharat 2047 vision, which advocates for inclusive and sustainable development anchored in world-class infrastructure, institutions, and intellectual property.
Chandrasekaran also emphasized the importance of quality in manufacturing, citing Toyota and Germany as examples of nations that achieved success through a focus on quality. He urged Indian manufacturers to integrate sustainable manufacturing processes with quality, innovation, and productivity. By doing so, India can foster strong leadership in both large corporations and the middle strand ecosystem, while establishing itself as a global voice in shaping the future of product production.
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