Creating an Engine of Growth
Impacts on Indian outsourcing enterprises have continued across the Covid-19 pandemic and recovery. People and enterprises reflect shifts in outsourcing suppliers and talent utilization. The Indian domestic market has also been affected by government initiatives and market changes. Now changes combine to produce network effects and benefits from wider availability of Internet access outside of population centers, a critical mass of educated adults, and continuing funding for pools talent.
The dynamism of India is a product resulting from human development, economics of the global economy, and progress of enabling technologies. Multiple outcomes are simultaneously possible outside the control of governments, large enterprises, and affinity groups as unique conditions interplay. An engine of growth for India is a possible outcome of the dynamics at play.
EkaLore has released previously about the creation of new sectors for the economy across emerging economies. Growth in pharmaceuticals, agriculture, and metals have resulted from long term Indian efforts. Indian government initiatives have not produced sustained global economic champions in energy, semiconductors, or defense. A key opportunity for India is found in current conditions.
The current conditions are unique as:
1) Educational attainment and development of domestic expertise provides opportunities for research, work, and progress near the “bleeding edge” of the state-of-the-art.
2) Competencies of Indian enterprises and talent pools are well regarded on a global basis.
3) Connections with a diverse Indian diaspora provides warm welcomes to combine foreign domestic local market knowledge with India-based resources.
4) Differential labor costs for services provides opportunities to monetize Indian know-how and talent in global markets.
5) Communications networks provide Indian enterprises and talent with accessibility from globally dispersed customers and consumers to be serviced.
Continued releases will examine the types of rewards if India can exploit the current conditions and possibilities.
You can read other related posts about Indian business at www.ekalore.com/india-business
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