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‘THE INDIAN ECONOMY IS ON A GROWTH PATH'
As the euphoria over a Union Budget that reached out to almost every sector of the economy began to settle in, BW Businessworld caught up with Union Minister of State for Finance, Bhagwat Karad, for an insight into the thinking that had influenced the exercise. In an exclusive interview with BW Businessworld Editor-in-Chief Annurag Batra, Karad said apart from strengthening the Atmanirbhar Bharat and Ayushman Bharat missions, the budgetary allocations had been driven by the government’s aim of “taking care of the people, and the development of the economy”. Excerpts:
THE GREAT DIGITISATION DRIVE CONTINUES
Digitisation is at the forefront of the Union Budget for the education sector. The allocation of Rs 1.04 lakh crore, an 11.86 per cent increase from the previous year, is the highest funding given to the education sector till date
THE BIG MAKE IN INDIA PUSH
The $70-billion stay-the-course Defence Budget further drives the Aatmanirbhar Bharat agenda. The whopping hike for naval build-up is the surprise package
A GREEN ROADMAP TOWARD INDIA'S AMRIT KAAL
The Union Budget vindicates India’s commitment to reducing its carbon footprint. BW Businessworld scans the fine print for a realistic assessment of this goal
A Double Engine Journey towards Being Carbon Neutral in 2050
Even as the share of renewable energy continues to rise in India, pollution continues to worsen
Crafting 21st Century India Collaboratively, with Confidence
This is a budget that wants to build an inclusive India, keeping in mind its demographics and possibilities, using digital. It allows for structural pillars of citizenry welfare to be incorporated into India’s growth vision, with pillars of Atmanirbharta, Building India, Connections, Digital, Demographic leverage, Equality, Inclusiveness and States-Federal cooperation
Automotive Sector: The Evolving Digital Sales Ecosystem
Market demand is likely to remain strong on personal mobility due to the increase in disposable income, and given the market sentiments, the sales are likely to pick up due to a significant rise in first-time buyers and replacement buyers.
India Inc.'s Broad Strokes
THE INDIAN CORPORATE SECTOR HAS SEEN MULTIPLE IMPROVISATIONS IN THE WORKPLACE TO ACCOMMODATE EMPLOYER AND EMPLOYEE NEEDS, AND MORE FROM THE BIG PICTURE STANDPOINT.
Rebalancing The Media Model
Restrictions loosen, recovery begins, and with that comes a rebalancing in the media and entertainment genre, transforming both consumption patterns and business structures
Revamping The ESG Market
usinesses are now explicitly balancing profit with a stated public benefit, like creating jobs with inclusivity or restoring environmental ecosystems .
STUBBORN ON VISION
If one thought Amazon Prime Video India was just a video streaming service, the company’s recent efforts foraying into film production, launching a video streaming marketplace, venturing into live cricket, in addition to creating diverse and widely accessible content that resonates with cultural moments highlight how the five-year-old service in India is actively shaping the future of media and entertainment in its signature ‘stubbornly flexible’ way By Team BW
‘GIVE US TAX SOPS FOR 3-5 YEARS TO PROMOTE LOCALISATION OF EVs'
IN CONVERSATION: The Indian arm of German carmaker Audi India reported a 101 per cent growth in sales for the calendar year 2021. Balbir Singh Dhillon, Head of Audi India tells ASHISH SINHA of BW Businessworld on how the support from government via tax-breaks can help Audi HQ pump in fresh investments and much more. Excerpts:
GEC Unifying Audiences With Content Diversity
OVER DECADES, TV has been bringing families together and in the last few years, the medium has broadened its viewer base. Television content not only cuts across cultures but also unifies audiences across geographies ad demographics. It is reflective of the social milieu that is India – with its unique subcultures. TV shows are broadly bucketed into four key content categories – relatable/ slice of life social dramas, aspirational, mythological/fantasy (escapism) and adventure/ thrill.
LEAPING WITHIN TO LEAD FORWARD
The metaverse workspace, combatting cyber threat, ensuring sustainability, accelerating tech integration in health and finance and tapping entrepreneurial opportunities are among the measures that will help achieve India’s vision of a truly digitised and sustainable country
Evolving To Electric
Within four years (FY17 to FY21), passenger EV industry has witnessed a growth of seven times (7X). Tata Motors alone has sold 12,000+ EVs till Nov’21 and monthly booking generation has started touching 3,500 for its two models - Nexon EV and Tigor EV. In FY22, the Indian Passenger Vehicles EV segment is expected to triple in sales, as compared to FY21.
'WE ARE CUSTOMER OBSESSED'
EVERYTHING at Amazon is customer backwards and this is true for Prime Video as well. Gaurav Gandhi, Country Head, Amazon Prime Video India points out that the word to note is ‘obsessed’ because every investment the company makes, and every decision it takes, is to superserve different customer segments in India, making world-class entertainment available to all
Top Tech Trends In 2022
The year ahead will see a surge in the demand for increasing sustainability, data volumes, network speed and those many growing wonders of the digital world like NFT and cryptocurrencies, in which daily trading volumnes are on the rise
Hybrid Testing, Booster Dose Must
"To quickly detect Covid-19 cases and slow the virus’ spread, India must increase its use of Rapid Antigen Tests in addition to RT-PCR tests”
Omicron Threat - How Prepared Are We?
Covid-19 has changed the healthcare landscape in the country; hospitals faced challenges that were unanticipated in scale when the pandemic struck nearly two years ago.
Auto Trends Driving 2022
The pandemic changed the face of mobility globally. In 2022, a whole new wave of changes are expected to revolutionise trends in the automotive industry Siddharth Shankar
The Year Of Recovery
Year 2022 is going to be very crucial for the Indian economy. The way Omicron variant will pan out will further determine the pace and nature of this recovery.
New Year Resolutions for Seniors
THE NEW YEAR IS UPON US and it is time to think of those resolutions again! Whether you resolve to be fitter and healthier, connect more socially or to tick off some points on your bucket list, this is a time to take stock of the year gone by and to think of the year ahead. Covid has taken more than its fair share of our time and energy and we have learned to understand the new normal.
HOUSING & INFRASTRUCTURE - Faster, Efficient, Construction All Around
Despite the second wave of corona virus severely denting the economy, construction activities picked up across housing, commercial and mega infrastructure projects. This trend is expected to dominate 2022 as well.
Cautious Steps Toward Green Power
With the last-minute tweaking of a crucial clause at the COP26 Climate Summit in Glasgow, India has set the tone for a new balance it aims to establish in tackling climate change
A Case For Modernising Domestic Manufacturing
"Aluminium is a metal of significant strategic importance to India, critical to almost all sectors of significance to modern life”
2022: Corporate Catharsis
MINHAZ MERCHANT IS THE BIOGRAPHER OF RAJIV GANDHI AND ADITYA BIRLA AND AUTHOR OF THE NEW CLASH OF CIVILIZATIONS (RUPA, 2014). HE IS FOUNDER OF STERLING NEWSPAPERS, WHICH WAS ACQUIRED BY THE INDIAN EXPRESS GROUP
GEARING UP FOR A NEW INDIA
Businesses have been pivoting online across all industries. Earlier, the online mode was limited to interactions between customer and business, but now even crucial internal processes are executed virtually.
“No Change Is Permanent But Change Begets Change”
Paul Fernandes, XLRI
“Management Education In India Is Here To Stay”
The pandemic has created an imperative for organisations to reconfigure their operations and has also given an opportunity to transform.
HOW WE DID IT
THE TOP MANAGEMENT institutions in the BW Businessworld ranking are determined by the BW Education research team.