Corporate Leaders Discuss the Future of India’s Economy at TIME Impact Dinner
Four leaders spoke about the country's economic growth and potential.
Corporate leaders from India gathered at TIME's The Partnership Imperative: Building the Next Chapter of Growth dinner in Andhra Pradesh to discuss the nation's economic future. The panel included Madhur Jain, co-founder and CEO of Varaha ClimateAg, Anupriya Acharya, CEO of Publicis Groupe in South Asia, Rajesh Mittal, president of Isuzu Motors India, and Mio Oka, director of India operations at Asian Development Bank.
Acharya emphasized the importance of flexibility in creating business opportunities across India's diverse markets and regions. She argued that solutions cannot be simply copied from one market to another, as each context requires tailored approaches. Acharya also highlighted the potential of AI to provide valuable data-driven insights for businesses, but stressed the necessity of a qualitative understanding of India's culture, consumers, and markets.
Oka pointed out two key areas where India could improve: manufacturing lead growth and technology development. She also stressed the need for open dialogue between the government and businesses to address systemic issues, including labor and land-related challenges. Oka urged trust-based discussions to tackle these fundamental problems.
Jain underscored the significance of India's agriculture sector, noting the country's vast agricultural land and the talent and ambition present. He stressed the importance of investing in this area to unlock billions of dollars in potential growth.
Mittal advocated for an export-oriented approach to boost India's economy in the coming years. He emphasized the need to build trust through quality, discipline, and efficient systems and processes, and highlighted India's manpower as a crucial asset for becoming a manufacturing hub.
Written by urgent.news from Time's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
