Atma Nirbhar Bharat will be a game-changer says Corporate Lobbyist Deepak Talwar By CIOReviewIndia Team

Atma Nirbhar Bharat will be a game-changer says Corporate Lobbyist Deepak Talwar

CIOReviewIndia Team | Friday, 16 October 2020, 05:16 IST

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Atma Nirbhar Bharat will be a game-changer says Corporate Lobbyist Deepak Talwar New Delhi: India’s employment condition has shown signs of a reversal to joblessness in August 2020 so far but the government’s Aatma Nirbhar Bharat programme will be a game-changer, a top market analyst has said.

“The changes will be felt in a decade and a half, almost two decades. India will emerge as one of the world's greatest business opportunities," seasoned Corporate Lobbyist Deepak Talwar has said.

Talwar said that short-term setbacks due to a global crisis cannot be used to write off India because its fundamentals remain intact. “We seem to be too fixated on the GDP numbers. In just about two decades, India will gain a significant edge over global peers in terms of business opportunities,” he said.

Talwar also stated that India’s geostrategic position and enormous market size gives the South Asian giant a distinctive edge over its global peers. “Once the pandemic gets over in a year or so, opportunities will accelerate.” “This is not all,” he said, “even the fundamental political realignment of nations will take shape,” he added.

The global GDP in 1990 was $38 trillion and it now stands at $90 trillion. Economists project the global GDP to reach $170 trillion by 2050 with India becoming the second-largest economy in the world. Deepak Talwar said the Indian economy did shrink by a record 23.9 percent in the April-June quarter of 2020 because of the COVID-19 pandemic and the lockdown that followed. “But the changes will be seen from March 2021. It would be wrong to say short-term setbacks due to a global crisis will write off India,” said Talwar.

He also said that many economists are focussing on standardised GDP predictions without understanding the primary elements for measuring the health of an economy. “It is important to push in some long term planning that works in tandem with the government’s business agenda. And then, you should wait for reaping benefits,” said Deepak Talwar.

A billion-plus India needs a huge amount of capital, almost to the tune of $2 trillion he said. “This should come over the next ten years. The Indian government must push for empowered and independent regulators who can put the government’s nation-building and investment opportunities on the right track.”

Deepak Talwar said that India is not short of entrepreneurs who are born optimists and have worked on a long-term future on short-term thinking. “We need to stop looking at Indian corporate captains through the age-old Western growth metrics. Each country will have its ways of doing business. We must take the best lessons from the West but need not copy them blindly. India is pushing in a huge digital transformation to rebuild the economy.”

A corporate lobbyist, Deepak Talwar is a well-known market analyst and holds over three decades of experience in different businesses including the aviation industry.

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