In the last decade, India's economic journey has been nothing short of remarkable. From being counted among the 'Fragile Five' nations, it has risen as a global economic standout. During this transformative period, India's economy has soared, moving from the 10th largest in the world in 2013 to a commendable 5th position by 2023.

India has strategically repositioned itself within the global supply chain, contributing significantly to its newfound prominence on the global stage. To become a manufacturing superpower India needs to be self-reliant in the geopolitically sensitive world order. Besides market volatility, the potential for disruptive changes within industries is another risk that can have a severe impact on operations.

In a PwC survey, 80% of respondents said that their most serious crisis had a medium to high impact on operations, disrupting critical business processes and services. Hence building operational resilience is identified as a key factor in navigating these challenges, capitalising on opportunities, and contributing to the nation's sustained economic growth. By focusing on building operational resilience, the manufacturing sector can proactively address risks associated with market dynamics, technological advancements, and external influences.

The masterclass aims to drive discussions that contribute to the manufacturing sector's long-term success, and position India as a manufacturing superpower with the ability to withstand and thrive in the face of challenges on the global stage.