India is in a remarkable position for growth and is best positioned for all major transformations, including the energy transition, said N Chandrasekaran, Executive Chairman, Tata Sons.

In the energy transition, India is probably the only country that will invest in all new growth energies. India is adding 750 GW of solar, hydro and wind energy and all of this will benefit growth. Every other economy has to add new energy to replace coal, which is more difficult, he said in his address at the 45th anniversary of PKF Sridhar & Santhanam LLP on Thursday.

India is entering a phase in which the domestic economy and export economy will grow. India will witness consumption-led growth and industrial growth. The opportunity is huge. “I’m pretty confident that we’re in a time where the opportunities are huge, but you have to keep an eye on all the developments in geopolitics because it’s not over yet. “These things are not going away,” he said .

Plus points

India has a very big opportunity to be part of the global supply chain – be it electronics, defence, pharmaceuticals or many other areas and in all these areas the potential is huge. “We make bets across the board as a group,” he said. “All trends – digitalization, supply chain and energy transition – position India extremely well in the context in which we operate,” he added.

For India, it is an economic opportunity, a growth opportunity, and it will only accelerate. India will surprise regardless of the deadline. “I believe the transition to electric vehicles is real and will happen faster than people are predicting,” he said.

India has many positive aspects in terms of the overall government and private sector investment cycle, a stable banking system and the expected profit growth for the next few years will be very high. “We have a very strong digital infrastructure,” he said.