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12th Annual Kaizen Congress India 2023 Empowers Indian Business to Thrive in Dynamic Environment
In 2022-23, Indian industries are showing growth despite significant headwinds, including macroeconomic uncertainty. Indian companies have recorded a significant increase in revenue and are now higher than pre-pandemic levels, driven by sustained volume increase, policy support, and increased consumed expenditure. However, in a few sectors including India's IT industry, the growth momentum is expected to slow down in the near...
In 2022-23, Indian industries are showing growth despite significant headwinds, including macroeconomic uncertainty. Indian companies have recorded a significant increase in revenue and are now higher than pre-pandemic levels, driven by sustained volume increase, policy support, and increased consumed expenditure. However, in a few sectors including India's IT industry, the growth momentum is expected to slow down in the near to midterm due to macroeconomic factors including lower discretionary IT spends. Subsequently, it is expected that the sector will reduce hiring because of adding excess capacity in the previous fiscal year.
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Mr. Vinod Grover, Managing Director, South Asia and Africa and Mr. Jayant Murthy, Joint Managing Director, South Asia and Africa along with the participants during Kaizen Congress India 2023
As a result of this, other sectors also face a looming threat of underperformance in the months to come. A key determinant in any economic cycle of ups and downs is whether or not an organization has been able to maximize its operational efficiency. Research has suggested that for a company that the way we organize work can influence productivity more than individual effort can. There is however a second part to this, a way for companies across sectors to sustain themselves, is through a focus on resilience alongside efficiency.
