India’s prowess in trade and commerce is also evident in its rich literary tradition. The Arthashastra, a treatise on economics and politics written by the Indian sage Kautilya in the 4th century BCE, provides a detailed account of the workings of the Indian economy and the principles of good governance.
A Hub of Entrepreneurship & Innovation
India has a long history of entrepreneurship, with small businesses and family-run enterprises forming the backbone of the economy for decades. This entrepreneurial spirit has been carried forward by a new generation of innovators who are leveraging technology and disrupting industries to create new opportunities and solve complex problems. This tradition continues to this day, with India being one of the fastest-growing economies in the world.
India has long been known for its abundance of skilled talent and its ability to produce top-class professionals across a wide range of fields. Nurturing entrepreneurship and innovation is essential for the economic and social growth of any nation. Today, India continues to be a hub of entrepreneurship and innovation. From the IT sector to the automotive industry, from the fintech to the space tech startups, Indian companies are making their mark on the global stage. From e-commerce and fintech to health tech and edtech, Indian startups are disrupting industries and creating new markets with innovative solutions that are changing the way we live, work, and interact. The country’s large pool of skilled talent, supportive government policies, and thriving startup ecosystem have made it an attractive destination for investors and entrepreneurs alike.
This story is from the 20 May 2023 edition of Business World India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the 20 May 2023 edition of Business World India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders
