THE COVID-19 PANDEMIC has taught individuals, societies, and nations that life goes on, and that livelihood has to be built and rebuilt over and over again. It has also pivoted our attention to the inclusive socio-economic development needed, for which collaborative commerce could be the path in a federation-of-states structure like India. It would need heavy lifting by the multiple stakeholders concerned, and not just the Government of India.
But apart from strategic planning for a nation's growth, there are unseen, unthought-of, and sometimes even unavoidable risks that keep emerging and having detrimental impacts on the economy. The currently raging Russian invasion of Ukraine has dented global food chains and other supply chains further. During such uncertain global turmoil, we have seen the US Federal Reserve raising interest rates. India's foreign exchange reserves have now fallen below the $600 billion mark amid capital outflows and a strengthening dollar. At its peak, the reserves were $642.45 billion in September 2021. Foreign funds have pulled out over Rs 1.75 lakh crore so far in this calendar year. To curb inflationary trends, it seems that further interest rate hikes would be brought in by the Reserve Bank of India.
Denne historien er fra June 18, 2022-utgaven av Businessworld India.
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Denne historien er fra June 18, 2022-utgaven av Businessworld India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
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A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
