Unmukt

Tag: business

  • Women-Led Development: The Key to India’s $35 Trillion Future – Amitabh Kant

    In a compelling and forward-looking address, Mr. Amitabh Kant, former Chairman of NITI Aayog, emphasized that India’s growth story must be written by its women. Speaking at Women Achiever Award 2025, a ceremony organized by the Aalekh Foundation, Mr. Kant called for a radical societal shift that empowers women not just as participants in development, but as leaders of it.

    If India is to become a $35+ trillion economy by 2047, women must be at the forefront of this transformation,” he said.”

    Mr. Kant praised the progress made over the past decade, highlighting key government initiatives aimed at including women in the formal economy. Since 2015, over 550 million bank accounts have been opened, raising women’s access from 18% to over 91%. He also pointed out that the government has:

    Built 40 million homes, electrified 35 million households, and provided piped water to over 253 million households. Supplied 120 million gas connections, significantly improving the quality of life for rural women.

    Importantly, these resources were registered in women’s names, marking a deliberate shift toward women-led development.

    Mr. Kant acknowledged, however, that infrastructure and access are only part of the solution. A deeper cultural transformation is necessary — particularly among men. He noted that without men actively supporting and pushing women into leadership roles, progress would stall.

    Indian men need to change their mindset,” he said candidly. “They must step back and let women lead.”

    In a noteworthy appeal to the Aalekh Foundation, he suggested that awards should not only go to women achievers but also to men who uplift and empower women in their lives — those who support their daughters, wives, colleagues, and peers to pursue their ambitions.

    Mr. Kant referenced a World Economic Forum report stating that gender parity may take 134 years to achieve at the current pace. He firmly rejected that timeline, stating, “None of us have 134 years. We must do it in a decade.”

    He spotlighted stories of female entrepreneurs and innovators as examples of change already underway:

    Aayushi Mishra, founder of Dona Maps, who is using cutting-edge mapping technology for social impact. Ms. Manjunath, founder of Nimai AI, who is improving breast cancer detection using artificial intelligence. Two young graduates from Lady Shri Ram College, who built a tech platform that has sold over 3 million cattle by digitizing a largely informal sector.

    Kant emphasized that India’s leap into the future — one defined by AI, machine learning, robotics, and digital transformation — cannot happen without women being digitally literate and empowered. Yet currently, only 37% of Indian women are digitally savvy compared to 53% globally.

    He stressed the need for greater digital adoption among women to unlock their full potential and drive India’s productivity and growth.

    Concluding his speech, Amitabh Kant highlighted India’s global advocacy for “women-led development” during its G20 presidency. Despite opposition from countries like Saudi Arabia, Turkey, Russia, and China, India succeeded in establishing this term as a global developmental priority — replacing the more passive concept of gender parity.

    “India didn’t just talk about equality,” he said. “We demanded leadership — by women, for a better future.”

    With a vision rooted in inclusion, innovation, and equality, Amitabh Kant’s address was not only a roadmap for national growth but a clarion call for men and women to walk this journey together — with women leading the way.

  • Darwin and Indian Family Businesses: A Case Study in Survival of the Fittest

    Darwin’s theory of “survival of the fittest” emphasizes adaptability and resilience in changing environments, originally framed in the context of natural selection. When extended to the realm of business—particularly Indian family businesses—this theory finds a compelling real-world parallel. These enterprises, some of which have thrived for over a century, exemplify evolutionary fitness not through brute force, but through innovation, cultural rootedness, and strategic foresight.

    As of today, Indian family businesses remain a vital engine of the economy, continuing to grow in the face of global competition, technological disruption, and internal challenges. Let’s explore how they mirror Darwinian survival principles and why their longevity defies conventional business logic.

    How Indian Family Businesses Embody “Survival of the Fittest

    1. Adaptability to Changing Environments

    India’s oldest family businesses have evolved across colonial rule, independence, liberalization, and globalization. The Tata Group, founded in 1868, began as a trading firm and expanded into steel, automobiles, and IT. Its transformation from industrial-era manufacturing to digital-era innovation (e.g., TCS) is a textbook example of Darwinian adaptation.

    In contrast, many traditional textile firms that failed to modernize during British rule were eventually wiped out—showing that inability to evolve leads to extinction, in nature and in business.

    2. Resilience Through Cultural and Social Ties

    Family businesses in India are often embedded in joint family systems, which extend to business relationships. Trust, loyalty, and informal governance allow them to endure through crises. The Murugappa Group, established in 1900, diversified into agriculture, engineering, and financial services, maintaining internal cohesion while responding to external change.

    These cultural moorings act as stabilizing mechanisms, enabling long-term survival even during political or economic turbulence.

    3. Innovation and Modernization

    Survival in modern markets demands innovation. Reliance Industries, which began as a textile trading firm in the 1960s, disrupted India’s telecom industry in 2016 with Jio. By 2025, Jio leads India’s 5G revolution and digital ecosystem, a testament to how family businesses must continually reinvent themselves to stay fit in Darwinian terms.

    4. Niche Market Mastery

    Smaller family-run firms often dominate niche sectors—jewelry, spices, textiles—where heritage and expertise provide a durable edge. The Gitanjali Group globalized traditional Indian jewelry through modern branding and retail, showing how specialization is a form of adaptive fitness.

    Why They Thrive Despite Intense Competition

    1. Long-Term Vision Over Short-Term Gains

    Unlike other businesses, which chase quarterly profits, family firms often prioritize intergenerational wealth and legacy. The Aditya Birla Group, dating back to 1857, continues to invest in sustainable industries like cement, metals, and renewable energy—opting for long-term survival over short-term spikes.

    2. Trust and Reputation as Capital

    Brands like Britannia (part of the Wadia Group, founded in 1736) thrive on legacy, not just marketing. Indian consumers often trust family-run brands more due to perceived authenticity and continuity, which creates a moat against newer entrants.

    3. Policy Tailwinds

    Post-1991 liberalization opened global markets. Initiatives like Make in India and MSME incentives have empowered family businesses, especially in cities like Surat, where textile exports are dominated by generational firms. These businesses are not just surviving—they are scaling.

    4. Cultural Alignment and Succession Planning

    In India, businesses are often an extension of the family’s identity. Succession, when managed well, ensures continuity. The Godrej Group (est. 1897) has seen multiple generational transitions while investing in green products and sustainability—ensuring continued relevance.

    Challenges and Darwinian Pressures

    Despite their advantages, Indian family businesses are not immune to natural selection:

    Internal Conflicts: Feuds within the Singhania family (Raymond Group) have weakened the brand and distracted from business strategy.

    Global Disruption: Multinational tech and consumer giants pose existential threats to slower-moving firms.

    Digital Lag: Traditional mindsets sometimes resist digital transformation, risking obsolescence in a data-driven economy.

    Conclusion:

    Evolution, Not Inheritance, Ensures Survival

    Indian family businesses are not relics of the past—they are living organisms in an economic ecosystem. Their longevity proves that fitness is not about being the strongest or richest, but about being the most adaptive.

    By balancing tradition with transformation, culture with competitiveness, they remain relevant in 2025 and beyond. Darwin would likely agree: in both nature and business, those who evolve with their environment endure the test of time.

  • True Leadership Is Not Inherited — It Is Earned Through Wisdom, Service, and Purpose

    In a world that often confuses power with position and heritage with capability, the true essence of leadership stands as a timeless truth: it is not inherited — it is earned. While titles can be passed down and privileges can be bestowed, authentic leadership is forged through wisdom, service, and a sense of purpose.

    Leadership by Wisdom

    Wisdom isn’t confined to academic excellence or intellectual prowess. It is about discernment — the ability to see clearly, decide fairly, and act responsibly. True leaders are lifelong learners. They listen more than they speak. They understand that real influence comes from understanding people, situations, and the consequences of their decisions.

    Take Chanakya, the ancient Indian strategist. He was never born into power but became one of the most influential minds in Indian history. Through sheer wisdom and vision, he guided Chandragupta Maurya to the throne and laid the foundations of the Mauryan Empire. His treatise, the Arthashastra, remains relevant even today.

    Leadership through Service

    Great leaders lead by serving others. They put the mission above ego and people above position. Dr. B.R. Ambedkar is a remarkable example. Despite facing deep-rooted social discrimination, he rose through education, resilience, and an unwavering commitment to justice. He didn’t demand leadership — he earned it through tireless service, ultimately becoming the chief architect of the Indian Constitution.

    Service in leadership builds trust. It shows empathy. It reminds people that leadership is about lifting others, not standing above them.

    Leadership with Purpose

    Purpose is the soul of leadership. Without it, authority becomes mechanical, and decisions lose direction. A leader driven by purpose inspires others to believe, to act, and to grow.

    Abraham Lincoln, born in poverty, became one of the most revered presidents in American history — not because he was born into power, but because he led with a clear sense of moral and national purpose. His vision to preserve the Union and abolish slavery redefined the meaning of freedom and leadership in a fractured nation.

    Leadership Beyond Facilities

    Leadership does not emerge from facilities or comfort. It is the outcome of a continuous process of seeking wisdom, honing intellect, and building skill. Those who lead by entitlement or inheritance often falter when faced with adversity, but those who have walked the path of growth, learning, and struggle carry the resilience needed to inspire real change.

    We see this today as well. In a system where reservations exist to uplift the underprivileged, we continue to see individuals from unreserved backgrounds topping merit lists, proving that hard work and determination still shine.

    Narendra Modi, coming from humble beginnings, represents the spirit of earned leadership. In contrast, Rahul Gandhi, born into a political dynasty, reminds us that legacy alone does not guarantee effective leadership. While one earned his place through years of ground-level work and a deep connection with the people, the other continues to search for acceptance beyond his surname.

    Conclusion

    In every age and every culture, real leaders are remembered not for what they inherited, but for what they contributed. They earn their place through insight, selflessness, and unshakable conviction. So, when we speak of leadership, let us not look at lineage or legacy. Let us look at wisdom, service, and purpose — for that is where true leadership lives.