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Economic Times
an hour ago
- Economic Times
CEOs navigating a world shaped by shifting trade & AI
Synopsis Indian CEOs are navigating global economic shifts and technological advancements. India's young population drives consumption, fueling growth. "Make in India" gains traction as supply chains diversify. Free Trade Agreements improve market access. AI is transforming businesses, supported by a thriving startup ecosystem and government initiatives. CEOs must adapt to these changes to succeed in the evolving landscape. The rules of business are being rewritten. Trade shifts and technological breakthroughs have not just disrupted markets, they've altered the architecture of the global economy. For all the challenges in front of them, this is a great time for CEOs to make a difference. Their choices really CEOs are facing these twin forces head-on. They are navigating global turbulence at the very moment their own economy continues to experience extraordinary expansion. A young, upwardly mobile population is fuelling unprecedented consumption. India's Gen Z population is 377 million strong-more than the entire population of the US-and they are already driving $860 billion of spending. Indian companies are pushing into new frontiers, from becoming suppliers of choice to a global customer base to reinventing IT services through AI-powered value of the most visible shifts is playing out in global supply chains. For more than a decade, "Make in India" was a national aspiration, but the sector's share of GDP remained at 15-17%. That is changing. The pandemic exposed the fragility of lean supply networks. Geopolitical tensions have accelerated the shift toward strategic alliances and diversified sourcing. In this reshaped landscape, India is emerging as a strong contender as companies look to find new and expanded partners for their supply shifts are presenting both challenges and opportunities. While the US has announced significant tariffs on over half of India's exports to the nation, thus presenting a challenge to the impacted sectors; its overall impact to Indian economy is quite limited, given exports to US account to only ~2% of India's GDP. On the other hand, India has been improving access to other markets through Free Trade Agreements - such as with Australia, the UK, EFTA, and the UAE. Negotiations underway with the EU could unlock an even larger prize. As companies recalibrate supply chains toward "friend-shoring" and politically aligned corridors, India's position as a reliable, strategic partner becomes more valuable. In addition, as India continues to push towards greater self-reliance, there are significant opportunities for companies in strategic sectors like electronics & semiconductors and green the same time, AI is redefining the fundamentals of business. For most CEOs, it is no longer simply a play for efficiency - it is a platform for reinventing their companies. From automating complex tasks such as coding and logistics planning to transforming customer engagement with AI agents and AI-powered service centres, the technology is redrawing workflows and job boundaries. India's AI ecosystem is evolving quickly. It is home to nearly 3,000 AI startups. The $1.2 billion India AI Mission is accelerating progress as well as funding sovereign large language models, subsidised compute infra, and national skilling programmes. Over 2 million STEM graduates each year give India capabilities that are hard to CEOs, the combination of shifting trade patterns and AI disruption demands a fundamentally different approach to leadership. Leading companies are embedding geopolitical intelligence and adaptiveness into their core strategy, redesigning supply chains with resilience as the primary objective. Leveraging AI, they reshape functions, invent new business models, and pursue for CEOs are rising as the operating environment becomes less predictable. This era calls for sharper judgment, faster pivots, and bolder bets. Execution, not intention, will determine winners and losers. Trade shifts and acceleration of AI are not passing storms, they are the prevailing winds of the next decade. Leaders who can harness both will not just navigate disruption, they will define what comes next. (Schweizer is CEO and Jain is India Head of BCG. Schweizer will be speaking at The Economic Times World Leaders Forum in New Delhi) (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of


Time of India
2 hours ago
- Time of India
CEOs navigating a world shaped by shifting trade & AI
The rules of business are being rewritten. Trade shifts and technological breakthroughs have not just disrupted markets, they've altered the architecture of the global economy. For all the challenges in front of them, this is a great time for CEOs to make a difference. Their choices really matter. India's CEOs are facing these twin forces head-on. They are navigating global turbulence at the very moment their own economy continues to experience extraordinary expansion. A young, upwardly mobile population is fuelling unprecedented consumption. India's Gen Z population is 377 million strong-more than the entire population of the US-and they are already driving $860 billion of spending. Indian companies are pushing into new frontiers, from becoming suppliers of choice to a global customer base to reinventing IT services through AI-powered value creation. RESHAPING SUPPLY CHAINS One of the most visible shifts is playing out in global supply chains . For more than a decade, " Make in India " was a national aspiration, but the sector's share of GDP remained at 15-17%. That is changing. The pandemic exposed the fragility of lean supply networks. Geopolitical tensions have accelerated the shift toward strategic alliances and diversified sourcing. In this reshaped landscape, India is emerging as a strong contender as companies look to find new and expanded partners for their supply chains. Trade shifts are presenting both challenges and opportunities. While the US has announced significant tariffs on over half of India's exports to the nation, thus presenting a challenge to the impacted sectors; its overall impact to Indian economy is quite limited, given exports to US account to only ~2% of India's GDP. Live Events On the other hand, India has been improving access to other markets through Free Trade Agreements - such as with Australia, the UK, EFTA, and the UAE. Negotiations underway with the EU could unlock an even larger prize. As companies recalibrate supply chains toward "friend-shoring" and politically aligned corridors, India's position as a reliable, strategic partner becomes more valuable. In addition, as India continues to push towards greater self-reliance, there are significant opportunities for companies in strategic sectors like electronics & semiconductors and green energy. THE AI PRIZE FOR INDIA'S CEOs At the same time, AI is redefining the fundamentals of business. For most CEOs, it is no longer simply a play for efficiency - it is a platform for reinventing their companies. From automating complex tasks such as coding and logistics planning to transforming customer engagement with AI agents and AI-powered service centres, the technology is redrawing workflows and job boundaries. India's AI ecosystem is evolving quickly. It is home to nearly 3,000 AI startups. The $1.2 billion India AI Mission is accelerating progress as well as funding sovereign large language models, subsidised compute infra, and national skilling programmes. Over 2 million STEM graduates each year give India capabilities that are hard to replicate. NEW PLAYBOOK For CEOs, the combination of shifting trade patterns and AI disruption demands a fundamentally different approach to leadership. Leading companies are embedding geopolitical intelligence and adaptiveness into their core strategy, redesigning supply chains with resilience as the primary objective. Leveraging AI, they reshape functions, invent new business models, and pursue opportunities. Expectations for CEOs are rising as the operating environment becomes less predictable. This era calls for sharper judgment, faster pivots, and bolder bets. Execution, not intention, will determine winners and losers. Trade shifts and acceleration of AI are not passing storms, they are the prevailing winds of the next decade. Leaders who can harness both will not just navigate disruption, they will define what comes next. (Schweizer is CEO and Jain is India Head of BCG . Schweizer will be speaking at The Economic Times World Leaders Forum in New Delhi)


Hans India
4 hours ago
- Hans India
ChatGPT looks to achieve a breakthrough in India akin to Reliance Jio's market Disruption
The move will provide more access to the app compared to the free tier. India has been one of the important focus markets for ChatGPT India launch and it is customising its offerings for Indian users. It is facing growing competition from other players like Gemini, Perplexity AI, and more. A few months back, OpenAI, the artificial intelligence (AI) research and deployment company that owns ChatGPT, was reportedly in talks with Reliance Industries for exploring possible partnerships to widen their AI offerings in the country. Reliance Jio moment and OpenAI were reported to have been discussing a potential partnership to distribute ChatGPT. Even though this partnership has not been confirmed, OpenAI is now eyeing a Jio moment of its own -- the opportunity of the one-billion internet consumer market, which the American company is attempting to tap with low-cost offerings. OpenAI is making a foray into the base of the AI adoption India pyramid with the launch of a new, cheaper subscription tier in India called ChatGPT Go, which will cost Rs 399 per month. Nick Turley, vice president at OpenAI and the head of ChatGPT, announced the development on X (formerly Twitter): 'We just launched ChatGPT expansion India, a new subscription tier that gives AI market India more access to our most popular features: 10x higher message limits, 10x more image generations, 10x more file uploads, and 2x longer memory compared with our free tier. All for Rs. 399.' The new tier is significantly cheaper than OpenAI's other existing plans. Its top-end version of ChatGPT, ChatGPT Pro, currently costs Rs 19,900/month in India, while ChatGPT Plus, its mid-tier plan, currently costs Rs 1,999/month. The company's users in India will now see subscription prices in rupees, and will be able to make payments through UPI (Unified Payment Interface) -- moves that likely make the service more accessible to common users.