With talks of potential federal rate cuts and signs of easing inflation, how would you assess the current state of global markets from a global CEO perspective?
If I look at the market, I think there are two perspectives. We see an improvement compared to last year, and we expect that to continue. However, there is still a lot of volatility and differing geographical trends. In India, growth remains strong, but neighbouring China faces challenges. North America is picking up nicely with a strengthening economy, while Europe is still slower in growth. Overall, global growth is more modest than in a booming economy, still influenced by inflation and interest rates. But with those trending in the right direction, we can see this reflected in the strengthening of the global economy, and that is something we can build on.
Let’s talk about Indian economy’s resilience, even with global market fluctuations in recent years. Since inaugurating this PIC campus here last year, what key factors strengthened your belief in India, and what motivated your strong commitment to the country?
India has several fundamental drivers that contribute to its strength and ongoing growth. These include a growing population, increasing education, rising wealth, and overall prosperity, which are strengthening the economy and evolving the ecosystem. Additionally, global trends, particularly in AI technology, support India’s role as a key player in the global talent pool and economy. These factors together favour India’s continued strong development.
You inaugurated this campus last year with a focus on innovation. How has the emphasis on innovation developed over the past year? What was the initial motivation behind this focus, and how has it manifested since last year?
Denne historien er fra September 21, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 21, 2024-utgaven av BW Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
