Tata Sons chairman N Chandrasekaran cautions on macro challenges in 2019

In a year-end letter, Tata Sons head says group needs to have a sharp focus on managing costs

Tata Sons Chairman N Chandrasekaran sees 2019 as a year that will bring a number of macro challenges. In a year-end note to employees, Chandra cautioned everyone to brace for challenges and “run the marathon” instead of “getting distracted by other’s sprint”.
 
“As the economic cycle matures in developed economies, global growth will rely increasingly on momentum in the emerging markets,” he said, pointing out that this heightened concerns around country risk, liquidity trends and trade-related shocks at a time when China’s growth impulse is slowing. He also said global liquidity would be tighter going into 2019, while political