02 Oct 2020 As the nation celebrates and offers its tributes to the great visionary, Mahatma Gandhi, the beloved Father of the Nation, also fondly remembered as Bapu, on his birth anniversary on 2nd October 2020, the occasion is also an opportunity for the people of India to reflect upon his thoughts and principles. As the world battles through uncertain…
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India in Top 50 Innovation Economies
15 Sep 2020 The collective cognitive ability of the human race has led to its evolution. The constant spirit to innovate is key to the species’ success. Today, more than ever, countries are striving to create an equitable ecosystem for innovation. India has made tremendous strides in this direction. This…
Staying on track for 2022
04 Aug 2020 The year 2022 will mark 75 years of India’s Independence, a poignant moment in our nation’s history. The Government’s Strategy for a New India@75 developed by NITI Aayog in 2018 involves achieving many developmental objectives by the year 2022, using innovation, technology, enterprise and efficient management. It…
Strengthening SMEs in India While Combatting COVID-19
21 Jul 2020 COVID-19, which has gripped the entire world has not only created an unprecedented human health crisis but also a major disruption in economic activity. This can be validated by IMF’s projection that the global economy may shrink by over 3.0 per cent in 2020 – the steepest…
Revitalizing the Travel and Tourism Industry
14 Jul 2020 The tourism and hospitality industry contributes significantly to the Indian economy and accounts for 9.2% of the country’s GDP. It employs close to 8.1% of the population, with the total contribution to forex at approximately USD 28 billion. The significance of the industry to the nation’s economic…
Easing Doing Business for Cost Competitiveness
13 Jul 2020 Improving the ease of doing business is critically important to attract investors. According this high priority, the Central and state governments have introduced a slew of reforms across various areas. Consequently, India’s ranking in the World Bank’s Doing Business Report has been climbing – it was 142nd (out…
Ease of doing business for AtmaNirbhar Bharat
10 Jul 2020 In the wake of Covid-19, the Central and state governments have accorded an unprecedented priority to improving the business environment in the country by driving reforms to facilitate ease of doing business. The country has jumped up to rank 63 from 142 in the World Bank Doing…
The GST journey has been transformative
06 Jul 2020 The historical Goods and Services Tax (GST) regime was rolled out on July 1, 2017, with the expectation that multiple central and state taxes would be subsumed in one tax, with the tagline of “One Nation One Tax”. As it completes three years, it is evident that…
COVID-19: Measures to revive growth during unlock 1.0
14 Jun 2020 As India moves to Unlock 1.0 and economic activity resumes, the focus must be on getting growth back on track and reinvigorating the economy. A high degree of uncertainty will characterise the new paradigm that the economy will enter, yet it is imperative to take bold and…
Select What India must do to increase its competitiveness What India must do to increase its competitiveness
27 May 2020 FM’s announcements added up to a prudent combination of stimulus and reforms. A well thought out package was presented aimed at addressing the short-term challenges, medium-term support to business and enterprises coupled with significant policy reforms, likely to act as a catalyst for economic recovery. The comprehensive…