29 Dec 2017 With the New Year bells ringing, good news is underway for India as its economy is poised to win back its tag of the fastest growing economy in the world. The recent upgrade of India’s rating by the US based credit rating agency Moody’s (Baa2 from Baa3)…
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Facilitating Technology to Drive Competitiveness
01 Nov 2017 Technology, driven by innovation, is key to achieving inclusive growth and development. Recognizing this fact, the Confederation of Indian Industry (CII) has been holding the prestigious CII Technology Summit as an annual flagship event for the past 22 years in partnership with the Department of Science and…
Economic Cheer for Festive Season!
17 Oct 2017 Ahead of Diwali, several economic indicators have turned positive, adding a good note to the festivities! The International Monetary Fund (IMF) says that India will grow at 7.4% in 2018 and also expects the country to regain the tag of ‘fastest growing major economy’. Recent reforms such as the…
Managing Sustainability
04 Jun 2017 Ten years ago, CII and ITC joined hands to create a unique institution with an unusual but visionary agenda. When the CII-ITC Centre of Excellence for Sustainable Development was born a decade ago, “sustainability” was barely a footnote in the pages of corporate thought and strategy, more so…
India-Russia Trade and Investment Relations
28 May 2017 Russia has been a long standing, significant partner of India and the relationship with Russia forms a cornerstone of India’s foreign policy. Russia has assisted India in major development projects such as the multipurpose dam at Bhakra Nangal, the steel plant at Bhilai and IIT Mumbai. India’s…
Fast-tracking outreach programmes through mass adoption of technology
23 May 2017 While technology firms are venturing into the payments and financial services industry, banks today are constantly upscaling and adopting technologies to reach out to untapped masses. This is blurring the lines between FinTech companies and traditional banks. 1. Rural segment Banks across the domestic and international segment…
FinTech innovations to drive financial inclusion
21 May 2017 The traditional banking system is undergoing a much-needed digital transformation with changing customer requirements, the need to include the ‘financially excluded’ segment and simultaneous competition from incubators. As an emerging market, the huge untapped financially excluded market in India has space for all—legacy players and incubators—to grow,…
The Corporate Stress Facet of India’s Twin Balance Sheet Problem
15 May 2017 India’s economic growth remains resilient, with official projections of FY17 Gross Value Added (GVA) growth at 6.9 per cent, and RBI forecasting an uptick in FY18 growth to 7.4 per cent. The pressing issue now is to sustainably accelerate India’s growth up to 8 per cent and…
Demonetization: A Bold Economic Reform
27 Apr 2017 An unexpected currency swap drive was launched on 8 November last year, as a part of which all 500 and 1000 rupee notes were demonetized as legal tender and were to be exchanged for new tender in 500 and 2000 rupee denominations. This move, which removed 86%…
Challenges to growth
25 Apr 2017 While the GDP growth rate remains encouraging, the Indian economy suffers from declining investment, slow industrial growth, overcapacity and rising bank non-performing assets (NPAs). NPAs – Bank NPAs at 9.3% with public sector banks at 11% is a matter of high concern. NPAs are close to Rs…