12 May 2020 With most economic activities in pause mode due to the Covid-19 contagion, businesses are expected to be hard-hit for at least a few quarters before operations return to normal. The humanitarian crisis is leading to huge demand disruption, which may persist and change habits overnight. The government…
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De-stressing the Indian economy – Economic Stimulus Needed Urgently
11 May 2020 The world is grappling with the COVID-19 outbreak. The conundrum, however, has been safeguarding lives while ensuring economic balance. The manufacturing units, supply-value chains, MSMEs, the hospitality sector, and other critical sectors are struggling to find a strong ground to recuperate from the huge economic loss the…
Preserving jobs is key to faster economic recovery as lockdown is lifted
08 May 2020 With jobs intact, the spending capacity and demand will also remain intact. In addition, the government must boost spending on infrastructure and MGNREGA Usually economic growth drives job growth, as jobs and livelihoods are an outcome of economic activity. I believe that the Covid pandemic which has…
Industrial districts, turn the key
06 May 2020 Confederation of Indian Industry (CII) poll of about 100 CEOs conducted on May 4 has revealed that most of them expect the economy to contract this year. As per an earlier poll, one-third of firms expect their revenues to contract more than 40% this year. Almost half…
Economic Revival amid COVID-19
04 May 2020 The humankind is currently witnessing the disastrous effect of COVID-19 on the socio-economic balance of the world. It has toppled economic growth and has risked the lives of millions. The tradeoff between the health of masses and industrial activities has been detrimental to the economy. While no…
Green Retail
04 May 2020 One of the major pillars of the Indian economy, the retail sector, accounted for 10 percent of the country’s GDP (Gross Domestic Product) and 8 percent of employment, before the Coronavirus outbreak. The entire world is moving towards a ‘greener’ way of work and retail is no…
Cyber Security in the Industry
01 May 2020 With an ever-expanding population of internet subscribers, India is one of the fastest-growing digitising economies in the world. While the digital revolution has opened a new set of opportunities for businesses, cyber threats have also increased, and become more sophisticated, with technological advancements. From viruses in the…
Select CII@125: The First Five CII@125: The First Five
30 Apr 2020 Around the last quarter of the 19th century, almost all regions of India had modern industry with firms engaged in cotton, coal, jute and tea. Sugar, shipping, and paper were some of the emerging industries. Engineering firms were also establishing themselves. Jessop and Company is perhaps the first…
Helping the Logistics Sector Create Value
29 Apr 2020 The CII Institute of Logistics, a CII Center of Excellence (CoE) in the logistics and supply chain management domain, uses a multi-pronged approach to help transform the logistics sector, and is working to enable the sector to add value to manufacturing, domestic trade and exports. The Institute,…
Impact of Lockdown and COVID-19 on the Indian Economy
12 Apr 2020 The Novel Coronavirus (or COVID-19) pandemic is causing a significant impact on individual lives, businesses, and the economy. The Indian economy was already witnessing a slowdown in the last few quarters and the current pandemic is going to make the recovery even more difficult. To curb the…