“It is India’s responsibility to show its strength to the world through knowledge and innovation.”
New Delhi: This is what India is doing well. India is on the verge of becoming an economy envied by others. The world is watching India’s persistent and consistent steps to move the country into a world leader. Lead the Covid and Plasmid DNA Vaccine Vaccination Program, Open the UN Security Council Session, Protect the Climate, Achieve Better Returns on Investment, Stable External Relations, Facilitating Political and Economic Stability conducting business and implementing governance, India is leading the way!
By making people an advantage, India has realized its potential to generate and meet this demand through “Make in India”. This led to a current account surplus of 0.9% of GDP in fiscal year 2020-21 with capacity utilization in the manufacturing sector at 66.6% in Q3’21. Gross value added in constant 2010 US dollars increased from 1.555 billion US dollars in 2010 to 2.678 billion US dollars in 2019. FDI in 2019 amounted to 50.61 billion US dollars, or 1.76 billion US dollars. % of GDP. Defense exports increased from US $ 262 million in 2014-15 to US $ 772 million in 2020-2021. And we have just started. Global brands are under pressure from Indian companies through the “Atmanirbhar” initiative launched to empower and empower local manufacturers to support Indian growth. To give a boost to the race, the “Asset Monetization Package” has enabled public-private partnerships in the infrastructure sectors (mainly roads, railways, electricity, oil and oil pipelines and telecommunications), the strengthening of infrastructure (ports, airports, railways and roads) to help inclusive growth in Tier 2/3 cities, causing India to grow faster than any other emerging market in the world. On the global map, India is leading the way in becoming a critical pillar of the global supply chain, presenting itself as an attractive alternative destination for global brands through initiatives such as the Supply Chain Resilience Initiative (SCRI). .
Along with this growth, the Indian landscape is changing and investor confidence in India and its machines is increasing. Nationally, companies are challenged by start-ups in India, which has become an attractive hub for the start-up industry. The explosive growth of this industry (I think it should be given industry status now) is a result of some factors for which India is best positioned in the country with the most productive population (15-64 years ), country with one of the lowest median age at 28.43 years (compared to 38.4 years for China, 38.3 years for the United States, 43.9 years for Europe and 48 , 4 years for Japan) which is supported by innovation and a persistent approach to meet the demand that exists there.
E-commerce, hotel, Fintech and Edutech start-ups are already enjoying great success in terms of investments and valuations. There are three areas in which start-ups have attracted investment from all over the world: 1. Areas that have not been structured until now (food delivery and retail) 2. Areas that have seen technology playing a disruptive role (mobile money and education), and 3. Areas that have made it a full revenue channel (e-commerce and hospitality / travel). These start-ups have already passed the stage of meeting domestic demand and have now started to reach out to the outside world to increase acceptance to prove that the model is replicable and that economies will play its part from a perspective of reducing costs. Unit prices. While the government has launched initiatives such as ‘Startip India’ and there are other associations / chambers that have offered discussion platforms on this and how to take them forward, I think there has to be a formal process and a platform to foster growth. , governance and collaboration that can fuel growth in this area. For the government to be the “leader” in the growth of start-ups, it must offer a fully integrated approach to infrastructure, taxation, incentives for global companies to partner with start-ups Indian, a platform to take the Indian boot. to global markets for adoption, governance and consumer protection.
Right now, we’ll see a lot more unicorns appear. However, in the longer term and by placing India on the board of directors, we must play on our strengths: with India’s rich history and culture as well as the predominant supply side of art and culture. traditional tradition, “Culture-Tech” is where more start-ups should be seen. For India to be a leader in this space, perhaps, a public-private partnership will be more of an interesting area to discuss. At a broader level, “light asset models” with “technology leverage” will generate much more interest from large equity funds due to their ease of scale and limited background. . “The integration of start-ups into larger global companies is another result that the market expects more from the Indian market.
India is fulfilling its responsibility for knowledge, labor and innovation at a faster rate than before. She realized her own potential and confidence in her abilities. This confidence is injected by our managers who drive this economy with safety, speed and comfort. India is emerging (again) as the crown jewel in the better world of tomorrow!
(Vitul Kwatra has over 25 years of global experience growing P&L and transforming business through processes, people, experience and technological excellence in over 20 countries of Africa, Middle East and India. His experience spans various industries with greater exposure to Business Process Management. / Outsourcing, Banking (Mobile, Retail and Consumer Finance), Telecom Sectors and Sectors in e-commerce. Professionally, he has held leadership positions at American Express, Citibank, GE, Airtel Africa and ISON Xperiences.)