August 13, 2022

Tata Sons chairman calls for better discipline on social media use

With the growing incidence of intolerance on social media, Tata Sons Chairman N Chandrasekaran on Wednesday called for educating people on the use of social media while stressing the need to maintain discipline in public posture .

Admitting that intolerance in social media is globally a problem and needs to be addressed, he said: “Unfortunately social media has its pros and cons as one bad tweet can have many repercussions. People tend to react very quickly without thinking, but I don’t see the need to respond to everything immediately.

The solution is restraint and we need to “educate people about using social media,” he said, adding that sometimes speed (reaction to a social media post) is good and sometimes not, a he said at an event organized by the Bombay Chartered. Society of Accountants tonight.

Speaking on the economy, Chandrasekaran said that despite continued global uncertainties caused by the war in Ukraine, India’s economy is set to experience higher growth, which will be driven by consumption and infrastructure investment.

Basing his optimism on the fundamental solidity of the economy, the chairman of Tata Sons however admitted that “there are risks and that the future is going to be unstable because the war (Russia-Ukraine) will last a long time and that “Inflation is yet to peak. Some of the major economies are going to face a recession, maybe for a short time. There will be a knee-jerk reaction to that in some countries.”

But when it comes to our economy, he said we have a very strong growth agenda. “I really think for the first time we will see growth in both consumption and infrastructure-led growth.”

Noting that there are many opportunities for export growth, he warned that our economy is not disconnected from the rest of the world and that if the US economy suffers, we will also see some impact.

“But at the same time, our economy has a fundamental strength. We need to maximize that. We have to move forward and stay the course,” he said.

Chandrasekaran said efforts should be made to ensure that investment projects are not stopped as they can contribute to job creation.

“While it is important to control inflation, it is equally important to create jobs. So if you don’t create projects, there will be no job creation,” he said, adding that there was also a need to provide education and health care to all.

Regarding digitization, Chandrasekaran said that the adoption of digitization is here to stay which will drive the overall growth.

“We have gained a 10 year adoption advantage from the last two years. Everyone now knows that things can be done digitally and that is the only way forward because it can help solve fundamental problems like than lack of access and jobs, he said.

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