Coimbatore : Contrary to the statements and opinions by financial experts like Noble laurete Abhijit Banerjee on Indian economy, K. Ramakrishnan, Managing Director - South Asia, World Panel Division in his lecture on Businesses of Tomorrow - Fears and Expectations said that Indian economy is set for a robust growth.
Coimbatore : Contrary to the statements and opinions by financial experts like Noble laurete Abhijit Banerjee on Indian economy, K. Ramakrishnan, Managing Director - South Asia, World Panel Division in his lecture on Businesses of Tomorrow - Fears and Expectations said that Indian economy is set for a robust growth.
Addressing a gathering of students, entrepreneurs and Industrialists at an event jointly organised by Coimbatore Management Association (CMA) and DJ Academy for Managerial Excellence held here on Friday, K. Ramakrishnan, MD-South Asia of World panel division, Mumbai threw light on the ten trends that will determine the future of businesses. He detailed on the trends including robust growth, one to one marketing, gig economy among others were discussed in detail.
The marketing expert stated that “While the media is portraying a gloom in Indian economy than in reality, going forward the economy will witness a robust growth. The growth will not be a straight line growth.but will grow to become one among the top three economies in the world. There will be a growth in consumption and the world's per capita GDP will grow phenomenally, according to research.” Though many in the public are not worried about 2030 as it is 11 years away and things are definitely bound to get better over that long a period and it's the next 5 years that people are more worried about.
While talking about an interesting phenomenon on Phygital (Physical plus digital), Ramakrishnan said “The world is moving towards a click and mortar model wherein offline stores will move online and viceversa. Amazon Go is an excellent example which combines both by which a customer can shop in a retail store only using his smart phone where he can choose and add products to his shopping cart and then pay online using his mobile."
Ramakrishnan explained the present and future trends and concluded that any industry should look for a disruption in the coming years and nobody can sit back and say “it can't happen to me”.
The lecture was attended by students of DJ academy for managerial excellence. Members of CMA were also present at the event.
Addressing a gathering of students, entrepreneurs and Industrialists at an event jointly organised by Coimbatore Management Association (CMA) and DJ Academy for Managerial Excellence held here on Friday, K. Ramakrishnan, MD-South Asia of World panel division, Mumbai threw light on the ten trends that will determine the future of businesses. He detailed on the trends including robust growth, one to one marketing, gig economy among others were discussed in detail.
The marketing expert stated that “While the media is portraying a gloom in Indian economy than in reality, going forward the economy will witness a robust growth. The growth will not be a straight line growth.but will grow to become one among the top three economies in the world. There will be a growth in consumption and the world's per capita GDP will grow phenomenally, according to research.” Though many in the public are not worried about 2030 as it is 11 years away and things are definitely bound to get better over that long a period and it's the next 5 years that people are more worried about.
While talking about an interesting phenomenon on Phygital (Physical plus digital), Ramakrishnan said “The world is moving towards a click and mortar model wherein offline stores will move online and viceversa. Amazon Go is an excellent example which combines both by which a customer can shop in a retail store only using his smart phone where he can choose and add products to his shopping cart and then pay online using his mobile."
Ramakrishnan explained the present and future trends and concluded that any industry should look for a disruption in the coming years and nobody can sit back and say “it can't happen to me”.
The lecture was attended by students of DJ academy for managerial excellence. Members of CMA were also present at the event.