From TIME · Connor Greene · · 1m 20s
India's corporate leaders chart path to growth
At a TIME dinner in Andhra Pradesh, business executives discuss what India needs to build on its economic momentum.
In brief
At a TIME dinner in Andhra Pradesh, business executives discuss what India needs to build on its economic momentum. Corporate leaders at a TIME dinner in Andhra Pradesh identified manufacturing, technology, agriculture and export focus as key to India's continued economic growth. Originally reported by TIME.
Corporate leaders gather in Andhra Pradesh
Madhur Jain, Anupriya Acharya, Rajesh Mittal and Mio Oka spoke at TIME's The Partnership Imperative dinner on Thursday to discuss India's economic growth and potential.
Flexibility is key across India's markets
Anupriya Acharya, CEO in South Asia of Publicis Groupe, said businesses cannot use the same solution everywhere. Each sector, client and segment needs solving from its own context.
“Flexibility starts from a point where you are not treating everything the same”
Data and culture both matter for growth
Acharya stressed that while data available is mind-blowing, businesses need qualitative understanding of culture, consumers and markets to decode how to plan for the future.
“The amount of data that is available is absolutely mind-blowing and mind-boggling”
India needs manufacturing, technology and dialogue
Mio Oka, director of India operations at Asian Development Bank, said India is missing manufacturing-led growth and technology. She called for real dialogue between government and companies on labour and land issues.
“So, what's missing in India? Two things. One is manufacturing lead growth. Second is technology”
Agriculture and exports are growth engines
Madhur Jain noted India has 162 million hectares of crop land area with talent, ambition and capital. Rajesh Mittal said India must become export oriented through quality, discipline and systems to become a manufacturing hub.
“India has 162 million hectares of crop land area”
The key point
Corporate leaders at a TIME dinner in Andhra Pradesh identified manufacturing, technology, agriculture and export focus as key to India's continued economic growth.
