26 Sep 2022 India is poised to become a USD 5 trillion economy in 5-6 years and a USD 10 trillion economy in the next 10-15 years, with an aim to raise per capita income from USD 2000 to more than USD 6000. In the last 30 years, India’s GDP…
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Towards an Innovation-driven Economy
09 Sep 2022 As India recently celebrated the 75th year of Independence, I’d like to highlight the key scientific and technological milestones that were attained in various areas through the combined forces of the Government, Industry, and educational institutes. Post-Independence, India prioritized science research and technology in a structured manner…
Transformation in Ease of Doing Business Environment
07 Sep 2022 At the heart of EoDB reforms in India has been an extensive focus on rationalisation and digitalisation of regulatory compliances, encompassing the entire business cycle from start to exit. Recently, a senior industry leader shared his first-hand experience of improved Ease of Doing Business (EoDB) in the…
Catapulting Economic Growth with Infrastructure Development
29 Aug 2022 Conventionally, infrastructure development encompasses creation of robust transport & communication systems, civic amenities, power & energy generation / supply facilities, etc. Major infrastructure development initiatives were undertaken by western block countries through the 50s and 60s. China followed suit, though the 80s and 90s. But India’s story…
Scaling-Up Micro, Small and Medium Enterprises
25 Jul 2022 Historically, India has supported and encouraged micro, small and medium enterprises (MSMEs) through various policy initiatives by providing them with subsidized credit, technical assistance, excise tax exemptions and preference in government procurement (Expert Committee on MSMEs, RBI, 2019). The Small-Scale Reservation Policy (1967), which attempted to shield…
EV: Mobility for The Future
21 Jul 2022 In the last few years, there have been disruptive changes in mobility. Congestion and public transportation challenges reached a tipping point in metropolises. Headwinds of stricter emission regulations and higher expenses triggered an alarm for original equipment manufacturers (OEMs). Change was inevitable. And it is here in…
Mission on Net Zero: Paving the Path Towards a Green Future
18 Jul 2022 The Indian Green Building Council (IGBC), formed by CII in 2001, is spearheading the green building movement in India. The vision of the council is to create a sustainable built environment for all and facilitate India to become one of the global leaders in the sustainable built…
Effective Waste Management for a Sustainable Future
15 Jul 2022 Rapid population growth and economic development has led to severe environmental degradation that undermines the environmental resource base upon which sustainable development depends. The economics of environmental pollution, depletion and degradation of resources has in fact been neglected as compared to the issues of growth and expansion.…
Competitiveness, Growth, Sustainability and Internationalisation – the Road Ahead for the Industry
12 Jul 2022 The economy is in a strong rebound mode with a GDP growth rate of 8.7% for 2021-22. Sustainable, high growth rates are important to meet the country’s aspirations for 2047. To enable an inclusive, balanced and sustainable growth and empower the Indian Industry as a force multiplier,…
Five years of GST and the way forward
13 Jul 2022 GST is seen as a shining example of cooperative federalism aimed at taking the country towards a one-nation, one-tax and one-market regime. The unified Goods and Services Tax (GST), lauded as a historic and game-changing reform, completed five years of its successful implementation on June 30, 2022.…