Skilling needed to grab the opportunity for the future of India: Niranjan Hiranandani

 

We’re all hoping that 2022 will be a stellar year after the two years that we’ve had. It’s perhaps been a mixed bag for most but what have been the biggest learnings from this year?

I would look at the learnings not in the last one year but the last couple of years. The challenges of the economy are big learnings. And how do we see these challenges? We have had challenges from Covid, where there were also people working from home (WFH). People couldn’t reach the places of work or school or anything. We have challenges with interest rate hike. That continues to be a big challenge. It was a challenge in order to get the execution of the projects. There are multiple challenges.

The fact that we have overcome the obstacles has been the glory of this nation. The world’s vaccines are made by us. Both the housing stock and the infrastructure have grown. Even with rising borrowing rates and costs, people still desire more homes. Overall, then, our nation is resilient.

Yes, both personally and as a whole the economy is facing challenges, but we are surmounting them with tremendous assistance from the federal government, state governments, and other authorities. Much has been learned about how to turn all of these obstacles into business opportunities.

Could you call out the big trends as you see it in 2023?

As per Niranjan Hiranandani, The recessionary tendencies that occurred in 2022 will end in 2023. Everyone was concerned about the state of the economy. 2023 will see a change in the economy and an upward trajectory.

The Russian-Ukrainian war will come to an end or at least be lessened within a year or two. It cannot go on indefinitely at its current pace. All of it will make things lot easier on the supply end and normalize lower petroleum prices. Overall, there will be a change in circumstances. India’s economy will keep expanding. India’s leadership tale will spread throughout the globe, and business will carry on in a very good way.

There are, in my opinion, difficulties with that. Specifically, we lack the necessary abilities to contribute to India’s growth narrative. I believe that in order to take advantage of the current circumstances and seize the potential for India’s future, considerably more skill development is necessary.

Know More :- Why have luxury homes accorded a notable uptick in sales velocity post covid?

What advice would you like to share with the viewers of leaders of tomorrow?

Entrepreneurs need to be patient, observe, and know how to come up with fresh, creative ideas. Fill up the economic holes. Determine the chances they can take advantage of and prepare for the economic recovery. Now is the ideal moment to think things through, make the necessary arrangements, and then wait for the opportune time to start the job.

Naturally, those industries that are not expanding at the same rate may need to adopt a more conservative posture, especially if they are export-oriented and there is a recessionary tendency in the nations to which they sell. Of course, that issue will persist. Overall, things appear to be going pretty well within the nation.

We will have to wait and watch what happens to the war, the economies of the West and other nations, and the places where economies are currently faltering, outside of the country.

What idea do you want to leave us with?

It is impossible to pinpoint a single attribute that will define tomorrow’s leaders. If you consider it to be the most crucial, knowing the requirements of each and every stakeholder in your company is essential, says Niranjan Hiranandani news.

Therefore, in order to succeed, we must always be aware of the needs of each of these groups, whether they are your clients, employees, suppliers, partners, or bankers. This is because, if you need to advance in your leadership role, you cannot claim that you won’t have the funds, that you won’t have the best interests of all of your stakeholders, or that you won’t take care of new investment opportunities.