DBS’ new research – based on a survey of 570 senior leaders in nine sectors and 15 countries including India, reveals the strategic influence of treasury and finance teams in India is paramount to the long-term success of businesses. The survey offers valuable insights into how financial strategies and diversification efforts are driving growth and innovation.
The DBS study reveals that companies that empower their treasury and finance leaders to take on more involved roles and adapt to new responsibilities are better positioned to identify and capitalize on opportunities in a dynamic global marketplace.
Here we look at what this means for businesses in India
The Biz and Economic Climate in India
India's economic landscape is marked by a diverse and dynamic business environment. As one of the fastest-growing major economies globally, India's GDP reached approximately USD 3.5 trillion in 2023, with an annual growth rate of 6–7%. The country’s diverse manufacturing sector plays a crucial role in global trade. India’s strategic location between East Asia and the Middle East positions it as a key transit point for goods and services, further enhancing its importance in the global supply chain.
The focus is rapidly shifting towards diversification, as businesses aim to secure new skills, improve productivity, and explore new markets.
The research study identifies the top three strategic priorities for Indian businesses over the next two years:
78% will give priority to securing new skills and talent
هذه القصة مأخوذة من طبعة August 30, 2024 من The Free Press Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة August 30, 2024 من The Free Press Journal.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
India, Bangladesh intensify training ahead of Chennai Test, mull combination
After spending two days preparing exclusively on a red-soil pitch, India and Bangladesh trained on a deck made of black soil here on Tuesday.
ICC delegation arrives in Karachi to review security for CT
A five-member delegation from the International Cricket Council (ICC) has arrived in Karachi for an important inspection visit in preparation for next year's Champions Trophy in Pakistan.
ICC unveils record prize money for Women's T20 WC
The International Cricket Council (ICC) has announced a groundbreaking prize distribution for the upcoming ICC Women's T20 World Cup, set to take place next month in the United Arab Emirates (UAE).
No distractions, just determination: Rohit
India skipper Rohit Sharma has dismissed the need for a new strategy ahead of the upcoming series against Bangladesh, despite their recent 2-0 win over Pakistan and the presence of pacer Nahid Rana.
Pakistan clinches bronze
Pakistan concluded their campaign at the Hero Asian Champions Trophy on a high note, securing the bronze medal with a commanding 52 victory against Korea at the Moqi Hockey Training Base in China.
TITLE NO 5 FOR TEAM INDIA
AGAINST ALL ODDS: Jugraj delivers decisive goal helps Men in Blue to retain Asian title with 1-0 victory
US lawmakers, officials condemn vandalism of temple in New York
Bipartisan lawmakers across the US have strongly condemned the vandalism at a Hindu temple here and called for an investigation into the incident, asserting that America must stand together against all forms of hate.
Military training camp in Mali's capital attacked
A military training camp in Mali's capital was attacked by extremists early Tuesday, said the army.
Pak artist finds his 'lost' works displayed on TV show
The Sindh government has formed a two-member committee after a Pakistani artist claimed that his paintings, which were supposedly lost/stolen seven years back, were displayed in a drama serial on television.
Imran's military trial not on the cards, Pak govt tells HC
The Pakistan government has informed the High Court here that jailed former prime minister Imran Khan's military trial is not under consideration, days after the court sought clarification over the uncertainty surrounding the issue.