Tata Group's Farrokh Kavarana: 'We Are Just Trying to Reclaim Our Legacy'
Episode Description
When insurance giant AIG ran into problems during the subprime mortgage crisis, how did that affect the company's two ventures with India's Tata Group? The impact was surprisingly small, according to Farrokh Kavarana, a director of Tata Sons, who oversees Tata AIG Life Insurance and Tata AIG General Insurance. Tata AIG's ventures are well capitalized and they more than meet regulators' solvency norms, he told India Knowledge@Wharton in an interview during the recent Wharton India Economic Forum in Philadelphia. Kavarana received the 2009 Wharton Indian Alumni Award during the Forum.
Brief Summary
The episode covers India's economic resilience during the 2009 crisis and the Tata Nano launch, highlighting challenges in the auto and insurance sectors.
Key points
- The 2009 Wharton India Economic Forum. A gathering of leaders to discuss India's future amidst economic uncertainty.
- India's Economic Resilience. Despite the global financial crisis, India remains insulated with a strong domestic economy.
- Launch of the Tata Nano. The much-anticipated Tata Nano is set to launch, promising affordable transportation.
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Episode highlights
- India's Economic ResilienceDespite the global financial crisis, India remains insulated with a strong domestic economy.“India has been pretty well insulated.”2:46Apr 9, 2009
- Launch of the Tata NanoThe much-anticipated Tata Nano is set to launch, promising affordable transportation.“The Nano is going to be launched in 2 days.”8:24Apr 9, 2009
Tension
40/ 100Low tension
