What the experts foretell will happen in business

04 Jan,2013

By A Correspondent

 

Five topsy-turvy years have just gone by. What do the next five years portend for Indian business? Forecasting is always dicey, but we’ve made it easy by calling upon those who know their industries best. From software to telecom, retail to airlines, biotechnology to private equity – we bring you the analysis of the pioneers who shaped their sectors.

 

Telecom revolution 2.0 will be based on data: Sam Pitroda

Architect of Indian telecom revolution

 

To understand the future of telecom in India, you have to understand its disruptive impact on other sectors, vocations and communities. The first phase of the telecom revolution based on voice is over. The competition here has been brutal and driven by price. The next phase will be data-driven broadband.

 

Technology itself doesn’t change things: Ram Charan

Globally renowned CEO Coach and consultant

 

For CEOs, the next five years will be about how to deal with uncertainty. It’s important to look at the people who are using technology to change the game.

 

Indians should be able to use computers in their own language: F C Kohli

First CEO of TCS

 

In five years, I estimate the Indian software industry will have a turnover of $300 billion and half of that will be from domestic sales. In 12 months, the Indian language computer should be out and it will drive domestic software development in the future.

 

Things are changing for the better: Kishore Biyani

Launched Big Bazaar stores in 2001, and kickstarted a retail revolution in India

 

Over the next five years, we will see huge investments coming in to tap what is by far one of largest consumer markets in the world that remains largely untapped. New consumer categories, new consumer brand and new distribution networks will emerge to drive consumption and growth in the economy. And this will be led through the growth of modern retail.

 

India will continue to be an extremely volatile market: Ashish Dhawan

One of India’s most successful private equity investors, co-founded ChrysCapital

 

India is not for the faint of heart-despite the long-term growth trend, ours will continue to be an extremely volatile market. Only those who know how to navigate the cycle, dodge the unscrupulous entrepreneur, and time the exits, will create alpha and generate over 20% annual returns.

 

The bio-economy era is here: Kiran Mazumdar Shaw

Started Biocon, one of India’s first biotechnology company, in 1978

 

Biotechnology can be a game changer and steer India on to a strong economic growth path that inherently provides opportunities to all strata of society.

 

India provides the best healthcare coupled with great prices: Prathap C Reddy

Founder of Apollo Hospitals, India’s first corporate hospital chain

 

Technology will play a critical role in the future of healthcare delivery systems in the country. The time has come for the industry to be accorded infrastructure status in order to improve the sector’s outcomes and platform of delivery access across different sections of the society.

 

Indian companies set to become global giants in burgeoning BPO space: Pramod Bhasin

Started GE Capital International Services (GECIS), India’s first BPO in 1997

 

What will we look like five years from now? Who will win, who might lose? Will we achieve value creation for our customers and can we compete effectively with new upstarts and countries that are building capabilities to compete? The answers are compelling, obvious and yet will need real vision to execute. There are some clear trends that give us this roadmap.

 

What can be done to take the 3% air travellers to 10% in next five years? Capt G Gopinath

Founder of Air Deccan, India’s first low cost airline

 

In every sector, the engine of growth is at the bottom of the pyramid and so is it in aviation. Whether it is retail, automobiles or the telecom industry, it is the low-cost product service mix that is rising to the challenge, winning customers while the premium brands are not scalable, especially in an emerging economy.

 

Show business: Malls will propel growth in theatres, says Ajay Bijli

Pioneered the concept of multiplex cinemas in India with PVR Saket in 1997

 

People just love watching films. This trend is bound to continue and with FDI opening up the retail sector, new malls will come up and call for a fresh wave of consumerism.

 

Wind energy will play a major part in shaping India’s future: Tulsi Tanti

Founded Suzlon, world’s fifth largest wind turbine manufacturer in 1995

 

Clean, sustainable, renewable – and equally important, domestic – sources of energy are essential to fulfil the potential of India in the coming years, and I am certain wind energy will play a major part in shaping the India of tomorrow.

 

Goodbye to cheap TV: Broadcasters will move to subscription-revenue model, says Peter Mukerjea

Was CEO of Star TV, a pioneer in satellite television in India

 

A broadcaster with a network of channels will evolve into a multi-service provider who will also provide internet, mobile and landline utility. There will be no room for single, stand-alone channels to operate as they do today.

 

Internet is going to play big role in education, healthcare, delivery of justice: Ajit Balakrishnan

Started Rediff.com in 1995. It was the first web server on Indian subcontinent

 

In the next five years, to see the internet, which at its core is an ultra-low-cost information carrying system, move into sectors such as education, healthcare and the delivery of justice.

 

E-commerce is an idea whose time has finally come in India: K Vaitheeswaran

Co-founded Indian’s first e-tailer Fabmall (now Indiaplaza) in 1998

 

The future for e-commerce in India looks great. Consumers are lapping up the benefits of humungous selection, great pricing and the unmatched convenience of shopping online.

 

Source:The Economic Times

Copyright © 2013, Bennett, Coleman & Co. Ltd. All Rights Reserved

 

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