Fitch Ratings said on November 22 the government’s decision on demonetisation that had created a cash crunch would constrain economic activities in the short-term forcing the credit rating agency to cut its GDP forecast for the fourth quarter. “The impact on GDP growth will increase the longer th…
Tag: GDP
Currency Switch Impact| PM’s move will infuse a seismic shift in adoption of e-payments
On November 8th, Prime Minister Narendra Modi announced that, effective from 12 am on the 9th, all currency of Rs 500 and Rs 1,000 denominations would no longer be considered as legal tender. The will instead be circulating new Rs 500 and Rs 2000 notes. The PM made an impassioned appeal to citi…
‘India needs investors with operational insights & playbooks that actually work’
Chamath Palihapitiya knows how to grow an organisation fast. As the head of user growth at Facebook, he helped build an audience for the social networking site. But, as a venture capitalist, Sri Lanka-born Palihapitiya is going slow – one at a time. He knows scale is important for an organisation…
Why SMEs co-operation between India & UK is need of the hour?
Great Britain’s Prime Minister Theresa May’s much hyped 3 day visit to India is likely to be most watched for SMEs from both sides. As expected, India and the UK inked two MoUs on increasing cooperation in fields of intellectual property rights (IPRs) and ease of doing business. The priority ini…
Go digital: The new normal for fundamental success
Profitability at Indian companies has been on a downhill path for the past five years as companies have struggled to deal with the ‘new normal’ of increased volatility and uncertainty, high indebtedness and the rising impact of digital disruption. This is according to a study on the performance o…
Make in India eyes bigger role for MSMEs, but the sector sounds alert
At a time when the government’s Make-in-India initiative envisages a bigger role for MSMEs, a caution has been sounded: Contribution of manufacturing MSMEs in the GDP and total manufacturing output has decreased steadily in the recent past from 7.7% to 7% and from 42.2% to 37.3%, respectively, du…
PM Narendra Modi to launch National SC/ST Hub on Oct 18
Prime Minister Narendra Modi will unveil key initiatives and a hub to provide support to entrepreneurs from the SC/ST community in Ludhiana on October 18. The Prime Minister will also launch zero defect, zero effect (on environment) (ZED) scheme, distribute charkhas to women and present national …
MSMEs are capable of pushing the country’s development: Centre
Emphasising on the need to give push to Micro, Small and Medium Enterprises (MSMEs), the Centre on October 6 said the sector is capable of providing new dimension and push to country’s development. “Since the MSME sector is capable to provide new dimension and push the country’…
Make in India – Sell in America (MISA) program unlocks billion dollar opportunity for Indian SMEs
First- of- its kind program supports Indian SMEs to sell directly to US customers; SME MaXX to partner with state governments and trade associations to offer the program to SMEs across India. Implementation will boost SME exports; contribute to India’s GDP and employment generation. Million…
Make in India: Finding the right balance
The Indian economy is at a crossroads. Despite advantages like a stable democratic, government and a large English speaking population, the country has lagged China in fulfilling its potential as a global manufacturing powerhouse. In recent times, many Indian leaders have found it tough to fulfil…