{
  "id": 12116372,
  "title": "India Economy ‘Stable And Strong’ Despite Global Uncertainty: Tata Sons Chairman N Chandrasekaran",
  "url": "https://urgent.news/2026/10/05/india-economy-stable-and-strong-despite-global-uncertainty-tata-sons",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T08:32:44.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/india-economy-stable-and-strong-despite-global-uncertainty-tata-sons-chairman-n-chandrasekaran"
  },
  "original_language": "en",
  "account": "Tata Sons Chairman N Chandrasekaran declared India's economy to be stable and robust, even in the face of global uncertainty, during a recent speech at the India Forum for Quality Management. He attributed this stability to several factors, including robust domestic demand, thriving services exports, and favorable government policies.\n\nChandrasekaran highlighted Prime Minister Narendra Modi's vision of Viksit Bharat 2047 as a guiding force for India's inclusive and sustainable development. He emphasized the need for world-class infrastructure, institutions, and intellectual property property to achieve this ambitious goal. The Indian economy, under the current geopolitical and trade risks, has maintained strong growth, as evidenced by high-frequency indicators like automobile sales and cement demand.\n\nChandrasekaran further stated that India's external position remains resilient, with the current account deficit consistently below 1% of the GDP. The nation's exports are strong, and foreign exchange reserves are substantial at $785 billion. To sustain this growth, Chandrasekaran identified three critical areas: energy security, manufacturing, and human capital development.\n\nEnergy security is a fundamental aspect of future growth, he stressed. India must also focus on creating more manufacturing jobs, particularly in advanced and precision manufacturing sectors, to shift workers from low-productivity agricultural activities into higher-productivity manufacturing and modern services. Assembly-led growth plays a significant role in building the micro, small, and medium enterprises (MSME) base, but India must eventually develop end-to-end manufacturing capabilities.\n\nTo accomplish this, Chandrasekaran emphasized the need to invest more in research and development (R&D), innovation, and skill development. He drew parallels between Toyota's and Germany's success in leveraging quality to drive innovation and competitiveness. He suggested that India can learn from the experiences and mistakes of these successful economies and global companies. Lastly, Chandrasekaran highlighted the importance of increased investment in education and skill development to build India's human capital and manufacturing capabilities.",
  "summary": "Tata Sons Chairman N Chandrasekaran on Monday said India remains in a \"stable and strong\" economic position, supported by domestic demand, services exports and government policies. Speaking at the India Forum for Quality Management (IFQM), Chandrasekaran said Prime Minister Narendra Modi's Viksit Bharat 2047 vision has spread across several disciplines. Achieving the goal would require inclusive…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}