3 reasons why India's growth is pacing!

I was having a conversation with a colleague where I am visiting faculty. We were discussing cross cultural management and reviewing some of the case studies we use on the programme. I was keen on using examples of Indian owned companies that have globalised. My colleague asked for rationale, I gave 3.

1. From being an emerging economy, it is now the fastest growing emerging economy.
2. India is the second home for many MNCs, and these are now a strategic value add and the old stereotype of 'back office' is declining.
3. Talent migration is much more fluid, senior Executives from India are now holding prime roles across the globe.

The following Economist clip explains the transition of economies succinctly.

https://www.facebook.com/TheEconomist/videos/10154597183759060/?pnref=story

The questions and dilemmas for India are:

• How to demystify the stereotypes people have & to accelerate growth?
• Can India change at the pace required?
• What are the golden nuggets that are enticing for businesses to believe in the 'make in India brand?'

Management .......is deeply embedded in culture. What managers do in West Germany, in the United Kingdom, in the United States.......is exactly the same. How they do it may be different! Peter F. Drucker

It is this how that leads to business success!

Anjana Nathwani is a Business Psychologist working with businesses to thrive in India.