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India's economy is robust in a world that is uncertain and difficult, and multiple indicators show that the country is in a stable and strong position, Tata Sons Chairman N Chandrasekaran said on Monday and highlighted that energy security, advanced manufacturing jobs and investment in human capital are "critical" for sustaining long-term growth. He noted that the Viksit Bharat 2047 vision has percolated across multiple aspects of the country. Delivering on the vision, he said, will require inclusive and sustainable development, built on world-class infrastructure, institutions and intellectual property. "... All three will be critical," he said, addressing the Indian Foundation for Quality Management (IFQM) Symposium 2026. Chandrasekaran -- who was recently handed his third five-year term at the helm as Tata Sons Chairman amid an intense boardroom battle-- further said the Indian economy is doing very well and, over the last several years, has consistently exceeded expectations by
India's economic growth can translate into meaningful transformation only when its gains are shared fairly between workers and corporates, Chief Economic Adviser (CEA) V Anantha Nageswaran said, stressing that fairness is not an act of charity but a condition for a healthy and sustainable market economy. "Growth changes the country only when it is shared honestly between those who do the work and those who put up the money," he said at a keynote address at an AIMA event here. He argued that the debate over fairness should not be framed as a choice between workers and businesses. Instead, he said, both are part of the same economic bargain, with capital entitled to earn a fair return while workers must have a meaningful share in the prosperity generated by their work. "Fairness, of course, is not charity," he said, adding, a sustainable market ultimately depends on consumers having enough purchasing power to buy the goods and services businesses produce. "A healthy market needs ...
The Indian economy can escape the 'middle-income trap' with substantial investments in education, healthcare, and infrastructure, French economist and inequality specialist Thomas Piketty said on Tuesday, stressing that involvement in global coalitions is essential to driving inclusive and sustainable growth. The middle-income trap is an economic situation when a country can no longer compete internationally in labour-intensive goods because wages are relatively too high, and also cannot compete in higher value-added activities because productivity is relatively too low. The result is slow growth, stagnant or falling wages, and a growing informal economy. The prominent economist emphasised that India's involvement in global coalitions is essential to driving inclusive and sustainable growth. "India can escape the middle-income trap, but this will require massive investment in education, health and infrastructure," Piketty told PTI in an interview. "We also need India to participate