Young working class, reforms make India an investment magnet: Hindustan Unilever's MD Rohit Jawa
Hindustan Unilever's managing director Rohit Jawa has told ET that the Centre's progressive and reformer mindset, manifest in New Delhi's economy-anchored policy thrust and commentary, should bring 'considerable' overseas funds into India — a demonstrated growth outlier in an inflation-ravaged world struggling to come to grips with geopolitical uncertainties.
«The Indian economy is unstoppable because of the sheer demographics of a billion people of working age,» Jawa said in his first media interview after taking over the top job at India's biggest consumer-goods company in June. «At this point of time in geopolitics, India is sweetly positioned. So, that does mean there will be considerable foreign investment coming in.»
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Digital OfficerVisitIIM LucknowIIML Chief Executive Officer ProgrammeVisitUniversity of Western AustraliaUWA Global MBAVisit Jawa underscored the role of a consistent policy push in ensuring robust growth in Asia's third-biggest economy, pointing to coordinated action by both North Block and the Reserve Bank of India (RBI) in guiding the nation's finances through the Covid disruptions.
«We have a good set of policies and reforms that have happened to make India count as the number one growth engine in the world today,» Jawa said. «Through the Covid and inflation shocks, the government and the RBI managed the economy very well and competently.»
Retail inflation in India was 5.02% in September, the lowest in the past three months. Food inflation, which accounts for nearly half the overall consumer price basket, rose 6.56%. Most consumer goods companies, including HUL, raised
