AS THE COUNTRY steps into 2025, the aspirations of its corporate sector are anchored in four overarching priorities: regulatory reforms, technological leadership, fiscal prudence, and measures to boost consumption. Progress in these areas, India Inc believes, can help create a robust business ecosystem and make Indian industry globally competitive. Healthy bank and corporate balance sheets, combined with prudent economic management, are key to attracting investment and ensuring private-sector-led growth.
Innovation and technology remain at the heart of India Inc's aspirations. Ritesh Agarwal of Oyo sees artificial intelligence (AI) and machine learning as critical for creating personalized offerings and showcasing India's technological prowess on the global stage. AI's transformative applications extend beyond business, impacting healthcare, mobility and scientific discovery.
Tata Sons chairman N Chandrasekaran, in his year-end note to the group's employees, highlights the AI-driven breakthroughs such as protein structure prediction, which are poised to revolutionize drug discovery and diagnostics, as well as expand access to clinical care and environmental research.
Chandrasekaran foresees 2025 as a transformative year for manufacturing, driven by global supply chain realignments that prioritize resilience over efficiency. This shift can position India as a critical player in global manufacturing.
This story is from the January 01, 2025 edition of Financial Express Mumbai.
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This story is from the January 01, 2025 edition of Financial Express Mumbai.
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