Tata Sons' Chandrasekaran lists 3 priorities to keep India’s growth engine humming
Tata Sons Chairman N Chandrasekaran said India’s economy remains robust and resilient despite global uncertainty, with strong domestic demand, services exports and government policy supporting growth.
Tata Sons Chairman N Chandrasekaran outlined three key priorities to maintain India's growth trajectory in the face of global uncertainty: energy security, advanced manufacturing jobs, and investment in human capital. The Indian economy, he asserted, is performing robustly, with strong domestic demand, services exports, and a supportive policy environment from the government.
India's strength is evidenced by a low current account deficit, services exports accounting for 11% of GDP, substantial forex reserves, and manageable bank non-performing assets. To sustain this growth, Chandrasekaran emphasized the need for inclusive and sustainable development, underpinned by world-class infrastructure, institutions, and intellectual property.
Drawing parallels with industry leaders like Toyota, he stressed that quality must be viewed as more than just an outcome, but also as a catalyst for innovation and productivity. He called for a transformative shift in India's manufacturing sector, integrating sustainable practices while maintaining a focus on quality, advanced manufacturing, and the development of human capital.
This holistic approach, Chandrasekaran argued, would not only fortify India's domestic economy but also position the nation as a global influencer in manufacturing practices.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
