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Energy Security, Manufacturing Crucial for India's Sustained Growth: N Chandrasekaran
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CNBC TV18•05-10-2026, 11:05
Energy Security, Manufacturing Crucial for India's Sustained Growth: N Chandrasekaran
- •Tata Sons Chairman N Chandrasekaran states India is in a "stable and strong" position with robust domestic demand, strong services exports, and supportive government policies driving economic growth.
- •He emphasizes that sustaining India's growth requires focus on three key areas: energy security, manufacturing, and human capital.
- •Chandrasekaran highlights the critical need for energy security and the creation of more manufacturing jobs, particularly in advanced and precision manufacturing.
- •He advocates for India to move beyond assembly-led growth towards building end-to-end manufacturing capabilities, requiring greater investment in R&D, innovation, and skilling.
- •The importance of investing in education and skill development to build a robust "middle strand" ecosystem of experts is also stressed.
Key Questions Answered
To sustain its strong economic growth, Tata Sons Chairman N Chandrasekaran stated that India must focus on three core areas: ensuring energy security, expanding manufacturing capabilities, and developing human capital.
N Chandrasekaran noted that India's external position is resilient, with foreign exchange reserves standing strong at $785 billion and the current account deficit consistently remaining below 1% of the gross domestic product.
Chandrasekaran emphasized that India needs to transition away from basic assembly-led growth and toward building complete end-to-end capabilities in manufacturing through increased investments in research and development, innovation, and skill building.
