Who in India can say that they have not made a jugaad to get something done? One can praise or scoff, but for Vedanta Chairman Anil Agarwal, jugaad is the unique skill that sets Indians apart from each other. He believes that this skill set will push the Indian economy to the top 3 by the year 2030.
Agarwal wrote on LinkedIn that he was ecstatic when he read about India surpassing the UK to become the fifth largest economy in the world. He said that a fair share of the credit goes to the youth who have assumed the role of innovators and dreamers in the growth story.
Agarwal remembers his childhood when carrying bagloads of groceries would become a chore. Thanks to our innovative start-ups like Zomato and Zepto, my 7-year-old granddaughter can order food with a touch of a button, he said. These companies have become a day-to-day need in our lives, he said.
He also praised the start-up ecosystem and said, And this is not it. I want the world to know that we are just getting started. I have been lucky to interact with some of these top minds through various university visits and I can tell you that they are extremely passionate about taking India forward, said the industrialist.
As we move forward on this path, one thing we must remember is that unique problems call for unique solutions. Jugaad is one of the strengths of Indian business leaders because of the fact that they have always been known as a frugal innovation. We must take advantage of the unique skill set we have that sets us apart from the world. By looking at what we have already achieved, I can proudly say that we will be in the top 3 by the year 2030! He said something.
The International Monetary Fund IMF figures showed that India had surpassed the UK in the last quarter of 2021 to become the fifth largest economy. With the UK moving to sixth place, it is now lower than the US, China, Japan, and Germany.