Driving sustainable innovation: Deloitte India unveils groundbreaking Enterprise Conscious Code initiative

Romal highlighted the prevailing mood of optimism, especially among Indian companies. The ambitious pursuit of 3x to 4x growth reflected a paradigm shift in economic aspirations. This optimism, Romal noted, extended beyond incremental progress to a transformative vision for the future.

He emphasised the prominent buzz around AI by shedding light on its adoption primarily for productivity gains and cost reduction. However, Romal underscored the need for a deeper integration of AI into innovative practices and transformative business models. He emphasised the importance of responsible and trust-based AI practices, an essential consideration for India's journey in the AI era.

Romal highlighted that Deloitte identified key sectors where India held a competitive edge, showcasing potential areas for significant growth. The transition of the technology sector from a software service provider to an AI capital emerged as a promising opportunity.

He added that Deloitte focused on electric and renewable energy sectors, advancements in semiconductor technology, and the untapped potential in agriculture, aligning with India's strategic positioning on the global economic stage.

Romal Shetty highlighted diversity's crucial role in shaping effective business solutions in consulting. He noted that the Deloitte India’s top leadership maintained a proud 33% women representation, signaling a commitment to diversity. Romal advocated a mindset shift to promote women in leadership, endorsing initiatives like sponsorships programs apart from mentoring women leaders.

Deloitte also went a step further and innovated a tech-enabled tool to detect unconscious biases at the workplace. This will help the firm to break stereotypes and change mindsets, ensuring all professionals achieve their full potential.