27 Jan 2021 The prompt and decisive relief and reform measures announced by the Government during the past year to manage the impact of Covid-19 pandemic on the industry and overall economy are laudable. The recent improved figures in agricultural production, manufacturing and consumption have boosted industry confidence and there…
Browsing CategoryEconomy
Focus Areas for Union Budget 2021-22
20 Jan 2021 The year 2020 will not be easily forgotten as the year that reset all aspects of our lives. The pandemic affected the most important parameters of existence, namely healthcare and the economy. The GDP contracted by 15.7% during April-September 2020, the worst in recent history. In this…
The budget must tackle India’s prevailing economic uncertainty
14 Jan 2021 The numerous prompt and decisive relief and reform measures announced by the government in the recent past to manage the impact of the covid pandemic on Indian industry and the overall economy have led to a distinct turnaround in India’s growth trajectory. Improved trends in agricultural production,…
Enhancing MNCs’ Contribution to Indian Economy
25 Dec 2020 MNCs have been playing an important role in the economic growth and development of the country, leveraging on the improving ease of doing business and liberalised regulatory environment. The Government on its part has consistently focused on easing the policy and regulatory environment for MNCs in India.…
‘FM will need to do a fine balancing act’
22 Dec 2020 The Finance Minister will be presenting the Union Budget for 2020-21 under extraordinary circumstances — with challenges brought on by an epoch-making year marked by the Covid-19 pandemic. The GDP figures have contracted for the first time in four decades, and livelihood is a serious concern. The…
Production Linked Incentive Scheme: Boosting India’s global competitiveness
21 Nov 2020 The Union Cabinet on 11 November 2020, in a move to give a major boost to domestic manufacturing and exports, extended the existing Production Linked Incentive (PLI) Scheme to 10 more identified champion sectors. This is expected to bolster competitiveness, attract foreign players and encourage domestic employment…
Servicing FPOs through CII’s Unique Platform
10 Nov 2020 Farmer Producer Organizations are groups or aggregations of farmers that provide a higher bargaining power to farmers and helps them realise benefits from economies of scale. Launched initially by the Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW) as a pilot project for promoting collaborations with farmers…
India Emerging as the top Investment Destination
25 Oct 2020 Economic crises are not recent. Their history goes back to mid-1637 when the ‘Tulip and Bulb Craze’ took place. It was followed by the ‘South Sea Bubble’ crisis in the 1700s, the Florida Real Estate Craze, and, of course, the more recent ones of the Great Depression…
Business Reform Action Plan (BRAP) 2019: Ease of Doing Business Reforms
14 Oct 2020 In recent years, the Government has taken strong action to improve the climate for business operations with a view to bring in competitiveness in the system. Department for Promotion of Industry and Internal Trade (DPIIT) initiated the Business Reform Action Plan (BRAP) exercise of ranking all Indian…
Global Economic Trends
24 Sep 2020 As nations across the globe entered or progressed through complete lockdowns during the Apr-Jun 2020 quarter, to contain the spread of the novel coronavirus, their economies suffered the worst contraction in decades during this time. Economic activity came to a grinding halt and private consumption slid as…