Get All Access for $5/mo

"The Train For India Is Now Moving Out Of The Station" Says Ram Charan 2016 is seeing a very different India says the world's top business consultant

By Aashika Jain

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

http://www.ram-charan.com/

Ram Charan, the world-renowned business advisor, author and speaker, who first stepped into the world of entrepreneurship from his family shoe shop in a small town in northern India says 2016 is seeing a very different India.

Charan who visited after more than a year says "a wave of optimism is being brought about by the Narendra Modi-led government."

The Dallas-based industry veteran believes there is more optimism in India and this will reap big benefits for India's economic growth.

In a candid chat with Entrepreneur India, Charan, who has spent nearly 40 years of his life working with many world's top companies, chief executive officers, and boards, said India now needs to earn the trust from overseas companies.

Known for cutting through the complexity of running a business in the fast-changing environment, he is one of the world's most influential CEO coaches and a consultant.

Among the many things he considers positive, Charan finds more FDI the most crucial.

"FDI is important for every country to grow because it brings technology, not just money, it brings managerial practices and more importantly, it builds global networks. So there is a positive movement," Charan said.

Charan outlined the government building political networks that are more achievable for economic growth in parts of Greece, parts of South – East Asia as the second positive movement, which is clearly visible.

"Overtime we will have a market for our services and products exceeding 2 billion if I exclude China and that's a positive."

The author of 15 best-selling books said there are clear priorities compared to the previous government and he sees things are moving by removing some of the regulations.

Charan says the Government of India's work under Modi and former Reserve Bank of India Chairman Raghuram Rajan towards bringing in more discipline in managing non-performing loans, the robust financial systems essential for global credibility, has improved the image of India outside.

Charan believes India to be a preferred destination for businesses for clear reasons.

"We have the technology, we have engineers, we speak English, our people are good business men and we know how to remove constraints," Charan said.

Charan has worked with companies including GE, MeadWestvaco, Bank of America, DuPont, Novartis, EMC, 3M, Verizon, Aditya Birla Group, Tata Group, GMR, Max Group, Yildiz Holdings, and Grupo RBS in the past and holds seminars on improving business practices across the globe. He has also served on the boards of Hindalco in India, Emaar, Austin Industries, Tyco Electronics, and Fischer and Porter.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 
News and Trends

Fintech Startup Fibe Raises USD 90 Mn in Series E Round Led by TR Capital, Trifecta Capital, and Others

The Pune-based platform aims to deploy the fresh funds to expand reach, strengthen technological infrastructure, and deepen its impact across India.

Business News

She Tracked Her Missing Luggage With an Apple Device — Straight to an Airport Employee's Home

Paola Garcia flew into Terminal 4 at Fort Lauderdale-Hollywood International Airport last month when she noticed her luggage never made it to the carousel — then her Apple Watch started pinging.

Business News

The Most Downloaded News App in the U.S. May Have Published Dozens of Fake, AI-Written Stories

The stories were fake but had real-world consequences for the app's 50 million monthly users.

News and Trends

Apple and OpenAI Partner for a Billion Dollar: Report

The final details are yet to be known and are expected to be revealed during the WWDC event

Growing a Business

3 Non-Financial Factors That Could Impact Your Business' Value

For healthy companies that want to maximize their value, the qualitative indicators can be bundled into three main categories.

Lifestyle

This Couple is Designing a Fortune from Simplicity

Born to acclaimed designer Anju Modi, he got trained under his mother