Let’s accept the fact – India is the world’s largest democracy and any change affecting Indians is equal to affecting one-fifth of the world’s population. As globalization has been the mantra for the past years, localization is the current buzz word. It’s not appalling at all when we hear news of farsighted companies changing their GTM (go-to-market) strategies to dive in and cater the needs of one out of every five people of our planet.
India is already becoming powerful in all sectors- be it the launch of Mangalyaan (Mars Orbiter Mission) or developing a nuclear missile (Agni VI) that can attack on US. Now India is also showing aggressive steps towards Pakistan for violating ceasefire across Line of Control and China’s territorial claim on Arunachal Pradesh. “No power on earth can take away even an inch from India”, said Narendra Modi addressing a rally.
Speaking of Modi, he was greeted by US president Barack Obama in Gujarati, “Kem chho?” (how are you?) at the White House. Prime Minister Narendra Modi indeed got a ‘rock’star’ treatment during his visit to the United States by 20,000 Indian-American people which reflects the deep cultural ties between the countries. Undoubtedly, the most powerful country – United States and the emerging world power – India, are strengthening the bilateral relationship.
India has just moved up to be the world’s third largest economy and Modi is a darling of big businesses. With more global CEOs see future production capacity moving and positive FDI reforms indeed are the indicators of India’s future growth. Not to forget the list of billionaires in Forbes list of top richest people.
While India’s political, economic and nuclear power is creating news, her rich traditional and cultural background has always been able to generate followers all around the world. The Indians residing in foreign countries celebrate the Indian festivals in all its grandeur as it’s celebrated in the land of festivals itself. The festive razzmatazz trickles down to different cultures and hence being celebrated globally. The land of many religions, innumerable languages, races, cuisines and life styles is actually a complex and diversified country. The tourists flock to India in search of spirituality, to see magnificent architecture, to broaden perspective by dealing with the cultural shock and other myriad reasons. The impact of this terrific land can be seen when Hollywood celebrities show enthusiasm in Indian fashion such as Indian saris, jewelries, mehendi, yoga (ancient physical, mental and spiritual practices or discipline to transform body and mind) and delicious Indian curries. Indian food in the UK was described as a great British industry by David Cameron while Indian cuisine got popularity in Masterchef (television competitive cooking show) as well. And not to mention the accolades received throughput the globe for Bollywood movies and Indian music.
The world is embracing Indianness encompassing the diversity; in near future we shall see companies catering to even smaller regional segments within the county unlocking opportunities that otherwise would go unnoticed. When markets mature and growth slows, to reignite and accelerate growth targeting developing nations would be a very wise approach – especially when there is a richly diverse market.
Do not get shocked when you are greeted in your regional language or served your regional food or listen to regional music when your travel abroad (while you would have expected just an Indian touch)!