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Anurag Mantri, Executive Director and Group CFO of Jindal Stainless, has shared an optimistic outlook for the Indian corporate sector, projecting robust growth driven by a strategic emphasis on high-quality exports and strong domestic consumption.
Mantri highlighted that India’s consumption is not only currently strong but also poised for further increase. He emphasised that improvements in product quality have made Indian exports more competitive in advanced markets like Germany.
“We’re not just competing on price but on quality,” Mantri stated, describing this focus as a crucial differentiator. By prioritising premium products and leveraging domestic demand, Indian companies are well-positioned to achieve substantial revenue growth.
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Leveraging Financial Discipline for Inclusive Growth
Mantri also pointed out the strength of current Indian corporate balance sheets, stressing the importance of leveraging financial discipline and strategic capital allocation. He advocated for a deeper market penetration strategy that aligns with the government’s objective of inclusive growth.
“We need to ensure that the benefits of economic progress reach even the most marginalised segments of society,” Mantri explained. This approach is expected to contribute to building a larger corporate ecosystem, benefiting all stakeholders and fostering broader economic development.
Focus on ESG and Global Financial Market IntegrationLooking ahead, Mantri identified two key areas for CFOs to focus on: Environmental, Social, and Governance (ESG) considerations and the integration of Indian financial markets with global counterparts. He underscored that while governance has always been a priority, there is an increasing need to emphasise social responsibility and environmental sustainability.
Mantri urged companies to invest in greener technologies and ESG initiatives, even if these involve higher costs. “These investments are essential for long-term success,” he said.
In addition, Mantri highlighted the growing integration of Indian financial markets with global economies. He encouraged Indian corporates to be proactive in accessing global capital markets for equity, debt, and mezzanine financing. “This will help build a larger capital pool, crucial for sustaining future growth,” he noted.
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