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The New Year Marks The Dawn Of New Hope
Corporate India faces testing times in the New Year. But given the strong fundamentals of the economy, industry captains hope to tide over short-term crises by focusing on longterm goals
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The New Year marks the dawn of Hope even if it comes with formidable challenges. There is no end in sight to the Ukraine war. Globally, inflation is a challenge. There is a slowdown in many parts of the world. The slowdown in the second-largest economy, China, affects the entire world. China faces challenges on multiple fronts. Thousands may have died in a new wave of Covid there, according to unofficial estimates. Global corporations sense that they must look for alternative manufacturing bases. India surely can emerge as a viable option, even if there are challenges in this path.
Global headwinds have been a matter of concern for India Inc. too. Yet, as our cover story reveals, industry leaders are not unduly worried, as they think long-term, while they prepare for short-term exigencies. We believe that this will be a year of social entrepreneurship, of well-being, of design thinking and the acceleration of entrepreneurship in India to solve India's unique problems and capture India's opportunities. Chat GPT and advances in artificial intelligence will make a bigger impact in 2023.The year will be historic and eventful, marking as it does India’s presidentship of G20 and BW Businessworld promises to bring to you special content around it.
The Covid pandemic has sensitised Corporate India to unpredictable and difficult situations. Surely, this experience will be put to good use to tide over other crises of the future. The Last Word in this issue is on leadership in uncertain times. I am sure you will enjoy reading our special report on the swashbuckling Indian opener, Shikhar Dhawan, who is padding up for his second innings. Our reporters talk to experts and industry leaders to map the year ahead. Of course, we also bring to you all our regular columns and features.
In the year ahead we promise you insightful and relevant reports to help you plan your future – financial and otherwise – and make it more secure. We aim to introduce new features to make your reading experience richer and livelier. May 2023 be a year of healing, success and joy. I wish that you achieve everything you put your mind to and grow into the best version of yourself. Get ready for an abundant and amazing year of blessings. May 2023 be a year of transformation for you. As HeatherAsh Amara says, "Change is inevitable, but transformation is by conscious choice. "
Do send in your valuable feedback, comments, suggestions and transformative collaboration ideas. Let me wish you, dear reader, a very Happy, Healthy and Prosperous New Year!