VERY FEW COUNTRIES GLOBALLY are as fascinatingly poised as India is when it comes to being at the intersection of a growth story. With this being the 75th year since we gained our Independence, the next step is 2047. The best voices across professional spheres attempt to unravel what India@100 might look like. That’s not the easiest of tasks when one is in the middle of a serious economic challenge globally, and one is still to find out what the impact on India will be. It makes for a heady concoction, and there is a good chance that our ability to be greatly resilient will be questioned several times. However, big opportunities don’t come by often, and this is one of those times. In the following pages, read about what the captains of India Inc. perceive will be the country’s growth path.
Digital, the New Driver
▶ K.V. KAMATH
CHAIRMAN, NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT (NABFID)
of achieving sustained high growth are very clear. There has to be a mindset to drive infrastructure at a pace and, at the same time, get your equation in terms of water and agriculture right. You should have an industrial sector that should be able to build on its own in terms of positive cash flows and margins. You need a financial system that can support all these things. That, too, happens when you have clean balance sheets. In our case, banks’ balance sheets are clean and corporate India is also deleveraged. The capital market, especially the equity market, has come of age. There is also a new driver—the digital revolution. In a digital world, everything becomes more efficient, more competitive and more productive. All these
