Indian promoters are racing to launch new factories and businesses despite a turbulent global backdrop, according to management adviser Ram Charan, who told BW Businessworld that the current environment offers unprecedented opportunity.
Growth drive fueled by policy and ambition
Charan highlighted the role of the Modi administration in shaping a growth trajectory that he described as “on a growth path.” He said the government’s focus on clear goals and execution has helped large corporations stay “on fire,” a phrase he used to convey the intensity of current investment activity.
He noted that the momentum is not confined to India. Similar trends are visible in Indonesia, Malaysia, Singapore, and the United Arab Emirates, where companies are also expanding production capacity. The implication is that a broader regional push is changing manufacturing sectors.
AI adoption meets operational challenges
When asked about artificial intelligence, Charan said Indian firms are eager but “want it to be done badly,” reflecting frustration over limited expertise. He pointed out that many legacy companies lack dedicated chief digital officers, and those that exist often cannot drive transformation alone.
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According to the adviser, the responsibility for AI rollout must shift to operating managers who understand the day‑to‑day realities of production. This view aligns with a wider global pattern where senior executives recognize the need for deeper technical talent but struggle to integrate it effectively.
He compared the sentiment abroad, mentioning Brazil, Mexico, Singapore, Korea, and Saudi Arabia as markets that are also “moving” despite occasional setbacks. The common thread, he suggested, is a collective desire to harness AI even as firms grapple with skill gaps.
One possible outcome is that Indian firms may accelerate hiring of digital specialists, a step that could mitigate current frustrations. If operating leaders receive the support they need, the pace of AI implementation could increase, helping companies stay competitive both at home and overseas.
Maintaining growth amid geopolitical strain
Charan emphasized that India’s progress relies heavily on its people rather than governmental intervention alone. He praised the Modi government for its focus and ability to manage adversity, assigning it an “A” rating for its handling of the current climate.
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He warned that geopolitical tensions could pose risks but argued that the country’s internal drive and policy consistency are sufficient to sustain momentum. The implication is that continued investment in infrastructure and skills will be essential to preserve the status of India as the fastest‑growing large economy.
Investment is accelerating.
Overall, the interview paints a picture of a business community that is both optimistic about new opportunities and aware of the operational hurdles that lie ahead. The mix of rapid expansion, AI ambition, and a supportive policy environment suggests that the coming years could see a significant change in India’s industrial sector.