From Startups To Conglomerates: Modern Tech To Disrupt Indian Inc, Say Experts

As India moves forward on the path of economic growth, experts have said that modern technology is going to revolutionise the Indian industry, from startups to conglomerates.

While speaking at the 119th Annual Session of the PHD Chamber of Commerce and Industry (PHDCCI), industry leaders shed light on India's growing tech landscape and digital infrastructure.

The business leaders were speaking in the sessions on Fireside with Sunil Kant Munjal, Chairman, Hero Enterprises and Sanjeev Bikhchandani, Founder, Executive Vice Chairman, Info Edge (Naukri.com), and the panel discussion centred on “Vision to Venture”, chaired by the panellist, Garima Sawhney, Co-founder, Pristyn Care; Varun Alagh, Co-founder, Mamaearth (Honasa Consumers); and Ishpreet Singh Gandhi, Founder, Managing Partner, Stride Ventures.

Sunil Kant Munjal said that this is a phenomenal time to embrace the opportunity to turn the youth into valuable resources and embrace technology as a great enabler and multiplier, driving India’s inclusive growth. Start-up ecosystems will generate employment and there is a need to strengthen the policy ecosystem further, he said.

Sanjeev Bikhchandani emphasized key factors driving India towards Viksit Bharat@2047 including further reduction in regulatory compliances and increasing availability of capital further, thereby nudging the forces in the right direction.

Garima Sawhney said that Artificial Intelligence, health, and youth are the future. The consumer is everything for businesses, and their core values have to be very clear and strong.

Varun Alagh said that there is a large scope of safe healthcare products in India and expressed bullish sentiments for the personal care industry in India. Women-driven workforce and strengthening research should be focussed in the coming times, he said.

Ishpreet Singh Gandhi highlighted that last-mile financing is important and large capital is flowing to India under climate technology. New-age businesses and startups are performing well in India, he said.