Prepare to Grab the Upcoming Demand

It is very much easier to work traditionally, without facing competition. Which will secure our present not future. Therefore it is very important to think positively and taking risk for improving productivity with technology.

Indian economy is growing at a memorable speed and is already on the verge of becoming third largest economy of the world. There are two aspects. Primarily, our economy is fast heading on the path of formalization. GST and digital transformation are the prominent key for it. That’s why a major part of economy is clearly visible in business transactions, which was hidden earlier.

About twenty percent of the world’s population is in India. Although it has many side effects, but at the same time, world is looking it with very keen interest Vast market of India has the potential to consume low to high quality goods. Which has forced giant institutions to invest heavily in India.

It is also a fact, that, WTO has forced India to exempt import duty on multiple grounds. ‘Ecommerce’ sale is a good example, where Amazon is benefitted.

Can we, India Entrepreneur, take advantage of the opportunity or let it pass. There is a bigger chance of loosing the opportunity, if we continue to manufacture substandard products without adding value. Which will result in loosing our market share of value added quality products.

It is very much easier to work traditionally, without facing competition. Which will secure our present not future. Therefore it is very important to think positively and taking risk for improving productivity with technology.

Indian Govt is making every effort to change the global perspective in our favour. Developments in G20 is a challenge to WTO, indirectly.

It is never so easy to change the practices, that are prevalent for decades. To convince the world trade partners as well as citizens of the country is tough task.

Global turmoils are also impacting the local market demand. But whenever the situation will be normal and brighter, will we able to fulfill the upcoming demand? Should not we prepare our self to be ready to grab the market?

Suresh Bahety

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