Key economic indicators are up: exports, foreign direct investment (FDI), Purchasing Managers Index (PMI), Index of Industrial Production (IIP), GST, direct tax revenue and corporate profits.
The Production-Linked Incentive (PLI) scheme has been embraced by domestic and international companies. It now extends to over a dozen sectors.
Indian startups are attracting big-ticket investment from foreign funds. India is rapidly becoming a global leader in fintech, edtech and SaaS (software as a service). The transformation to digital and cloud, catalysed by structural changes in the way international companies operate in a post-Covid environment, could prove another Y2K moment for Indian infotech companies.
Consumer confidence too is returning. So is hiring. The usually circumspect Mahesh Vyas, Managing Director of Centre for Monitoring Indian Economy (CMIE), conceded in his Business Standard column on October 12, 2021: “An optimism of sorts is in the air. Perhaps it is a reflection of an economic turnaround. Recent data suggests that the economy is reviving. Tax collections, foreign trade, electricity generation have all been convincingly and consistently buoyant so far in this fiscal year. Employment conditions and consumer sentiments also improved dramatically in September.
Denne historien er fra December 01, 2021-utgaven av Businessworld.
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Denne historien er fra December 01, 2021-utgaven av Businessworld.
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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
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
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.
