New Delhi, PTI. Tata Group Chairman N Chandrasekaran on Tuesday said the coronavirus pandemic has not affected India’s long-term growth journey. However, it has been delayed due to the pandemic. Chandrasekaran also said that India will lead the global growth rate in this decade. He said that for one to grow it is necessary to be fit first. Speaking at the ‘Future Ready’ annual event of technology giant Microsoft, he said that access to healthcare and education should be a national priority in the country using digital infrastructure.
He said the gap in digital access during the pandemic created a divide, and those who do not have the means are left behind. Chandrasekaran said, ‘I think the economy has completely opened up after the pandemic and I am confident that our growth will continue. We will get full benefit of consumer spending. “I think India’s position is very unique and India’s growth is going to be more important going forward,” he said. India has a big role to play.
Citing examples of GST, bankruptcy laws, reduction in corporate tax rate, strengthening of balance sheets of banks, he said all these measures were taken before the pandemic, and now huge infrastructure is being created.
At the same time, apart from these, Minister of State for Electronics and IT, Rajiv Chandrashekhar said that India can tap new opportunities in the next 5-7 years in areas like semiconductor design, electronic system design and electronic manufacturing services apart from its core competence. Rajeev Chandrashekhar said, “There is a new horizon of opportunities ahead of what has been our core competence for the last 15-20 years.”
Microsoft CEO Satya Nadella said at the event that by adopting technology, we can not only increase our productivity but also make our products affordable. He said that helping organizations embrace this change is a huge opportunity and a huge responsibility for tech companies like Microsoft.