The Union Budget 2024-25 has a special significance. It comes at a time when the Indian economy is in top gear, having clocked a stellar 8.2 per cent growth for 2023-24. The forthcoming Budget should sustain this growth momentum. Being the first Budget of the new government, it should set…
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Budget should catalyse manufacturing resurgence
Streamlining regulatory compliances, phasing out cross-subsidisation of power by industry and higher capex by govt will help There is much anticipation that the Finance Minister would unravel a momentous Budget. Expectations are that the Budget would announce bold next-gen reforms which would help realise the ‘dream’ of a resurgent, inclusive…
Budget: Balance fiscal prudence with support For GDP expansion
A fiscally prudent budget is an important aim but the government must create fiscal space for growth-boosting expenditure. Shift in Priorities – a Productive Workforce and Competitiveness of Indian Products & Services Fiscal prudence, along with the implementation of difficult reforms to modernize the economy, has been the hallmark of…
Challenge of creating a skilled workforce
India stands tall today as the world’s fastest-growing large economy. This has been accompanied by the creation of high-quality employment opportunities, as reflected in the latest Periodic Labour Survey, where positive trends can be observed across many indicators. The worker-population ratio (WPR) for people aged 15 and above increased…
Unicorns Rising: Evolution of the Startup Ecosystem
In India’s dynamic startup ecosystem, the journey from 2016 to today has been nothing short of transformative. Since the launch of the Startup India initiative, the number of startups has skyrocketed from 442 in 2016 to 1,20,000+ today. Growth and transformation have been witnessed in the corridors of innovation as…
Credible India: There is Plenty for India to Talk About at this Year’s Davos Meet
As we step into the new year, the World Economic Forum (WEF) Annual Meeting offers corporate leaders, policymakers and other stakeholders a chance to assess the year gone by and take stock of challenges and opportunities, extending to geopolitical developments, climate exigencies and economic hurdles. India has long had a…
B20 India Paves Way for Inclusive Global Economy
05 Jan 2024 The Business 20 (B20) group has risen to prominence as a global business platform that plays a crucial role in shaping policies. Within the G20, the B20 stands out as one of the most influential engagement groups, facilitating meaningful dialogues between the international business community, G20 decision-makers,…
Moving Towards Responsible Stubble Management
Air pollution has emerged as a key challenge today and in India’s north-west region reaches alarmingly high levels in certain pockets during winter. While there are numerous sources of air pollution in the region, restricted flow of pollutants in winters and burning of rice stubble across Punjab and Haryana during…
India and the UK: Poised for a Winning Partnership
India and the UK poised for a winning partnership As India and the UK are in the advanced stages of negotiating the Free Trade Agreement, economic engagement is seen as a huge opportunity for both countries. India’s G20 Presidency and the G20 Leaders’ Summit is an excellent opportunity to take…