India can be the third pillar of growth with the US and UK: TCS CEO K Krithivasan
If things go right, then surely India will be equated with countries like the US and the UK to play a major role in the global economy. TCS CEO K. Krithivasan said that India has certainly emerged as the third pillar of growth in the world. Indeed, with its robust IT sector, skilled manpower, and emerging economy, India holds all the ingredients to get crystal clear about its position on the global scene.
Technological development at a rapid pace in the past few decades has been the driving force behind changing the face of the IT sector in India. Companies like TCS have always given signals of exponential growth with innovative solutions provided to their customers around the globe. TCS itself is the biggest services company in India and has been an integral part of naming the nation where technology and innovation emerge as the partners for growth.
The UK has always played a very significant role in the world economy, with a strong financial sector and a glorious history of innovation.
The US has carved its niche in the technology- and innovation-driven corporate sectors. Here is what enables the distinct identity of India on the world stage: as the third pillar of growth along with these two major economic powers.
In the past decade, India has developed in multiple sectors like IT, health, and renewable energy. Proactive reforms and initiatives undertaken by the country, such as Make in India and Digital India, set up a perfect environment where any business can grow and prosper. At the core of having a young and talented workforce, India has the potential to be a leader in areas like artificial intelligence, machine learning, and blockchain.
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The vision sketched out by TCS CEO K Krithivasan, in which India is the third pillar of growth, is not an aspirational but a realistic ambition. Provided it makes the right policies and corresponding investments, India has the potential and capability to realize its potential and rise to the challenge of acting as a prime mover in the global economy. If innovation and entrepreneurship are joined at the hip with investment in education and skill development, India will be well on its way to being a fierce competitor in the digital age.
It thus follows that India has all the ingredients to become the third pillar of growth with the US and UK through its strong information technology sector, highly skilled manpower, and ambitious reforms. If it has a decisive edge in technology and innovation, India can well be on its way to claiming a rightful position on the world stage. It is time India cashed in on the opportunities that are coming its way and positioned itself as a principal player in the global economy.
