Global transitions working in India’s favour; inclusive growth a challenge: N Chandrasekaran

economictimes.indiatimes.com:

global transitions are working in India's favour, giving it the potential to become a force in today's uncertain world, but one of the country's biggest challenges is inclusive growth, Tata Sons chairman N Chandrasekaran said on Monday.
In his address at the JRD Tata Oration, the head of the Tata group also asserted that artificial intelligence (AI) is here to stay and it will be beneficial if India prepares for it.

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Post the cold war era of relative stability and prosperity, the world appears to have given way to unpredictable conflicts and economic uncertainty, he said, adding that the pandemic resulted in supply chain shocks of gigantic proportion.
«There was an economic slowdown, especially in developed markets. Things seemed to have stabilised, but now we are in the midst of two ongoing wars and there is an ongoing US-China trade stand-off,» Chandrasekaran noted.
He said there are also some very important global transitions underway, especially in the areas of AI, energy and global supply chains.
«All these transitions present opportunities for growth, for innovation and for inventing a new future better than the past for all...In this context, India is making significant progress. Economically, we are already the fifth largest economy. Many things are working for us and going in our favour,» he asserted.
Citing India's strong macro stability, a healthy banking system, rising share of exports, new capex cycle led by