Romal Shetty says BT India@100: Global South is a large, non -exploited market for India

Romal Shetty, CEO of Deloitte South Asia, said that India should explore the global south as a future commercial market, which is still largely exploited and has huge potential with a population of five billion amid global trade wars.

Speaking at Business Toy India@100, Shetty said commercial restrictions will compel innovation, and India has achieved well in light of restrictions. “The Global South is a market that you need to open greatly. You look at modern methods and more ways to do things. You have to look at the higher value chain everywhere. There are five billion population in the global south, and it is a large market.”

I have listed the main focus of Indian companies to become trillion dollars. This includes increasing spending on research and development, creating platforms, brands, and focusing on the global south.

“There are only 9-10 global trillion dollars, and if India decides to be a trillion dollars only for India, this will not happen. India should do India, and India should go to the world. So, I think brands are very necessary. Indian companies have to focus on brands; it is an area to focus on needs.”

Shetty said that creating value should happen outside India. He added: “The ability we have at the top is very huge. If you want to go globally, you will have to focus on how the brand, and I think this is a field that is not seriously considered some other areas.”