“India’s growth momentum, by comparison, has held firm. High-frequency indicators spanning industrial output, energy consumption, port traffic, GST collections, and automobile sales recorded stronger...
Covid-19 has accelerated digital adoption. Be it virtual board meetings, virtual classes, online grocery shopping, virtual doctors or even shopping online for cars - we have seen it all in the last few months. Organisations, whether traditional companies or startups, are reorienting their business models to be more digital as a direct result of the Covid-19 impact on changing consumer behaviours.
Not your run of the mill startups
A clear and noticeable mindset change is ploughing through the startup ecosystem-all for the better. It can be argued that it is coming a little late, but it surely is wasting no time now to catch up and lead all the way.
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Shri. M V Satish, Whole Time Director and Senior Executive VP(Buildings),L&T Constructions shares about the...
ECONOMIC SURVEY 2020-21
Optimism over economic growth...
Economic Survey projects a 11 per cent growth for 2021-22 and a 6.8 per cent growth for the year 2022-23. A big step-up in expenditure for health and infrastructure and a bold thrust on privatisation are among the other highlights.
THE GDP GROWTH is set to increase by 11 per cent (15 per cent in nominal terms) in 2021-22. Chief Economic Adviser K Subramanian, author of the Survey, said deficit control exercise should be reserved for better times. Even IMF has urged support for growth in expenditure in critical situations as at present.
2020-21 HAS BEEN one long year of budgets. The Covid-19 pandemic threw to winds the estimates, priorities and the very framework of the budget presented a year ago on 01 February 2020. We witnessed continuous attempts at fiscal corrections to cope with the enormity of the Covid-19 dislocations. Finance Minister Nirmala Sithara- man presented Atmanirbhar Bharat packages 1.0, 2.0 and 3.0 in quick succession. Reserve Bank Governor also announced a few monetary measures. These together were estimated to cost Rs 27.1 lakh crore that amounted to over 13 per cent of the GDP
The insurance sector in India was thrown open to private companies in 2000, attracting a rush from banks, private companies including global companies to join the fray. Today, even after two decades the spread of insurance is very poor.
