WHAT IMAGERY of India would someone looking at it from afar in 1947 have conjured up for life in the country 77 years later? On many dimensions, much of what has been achieved would have appeared unrealistic, if not outright delusionary. That India survives as a working democracy, is the fifth-largest economy in the world, and has landed a spaceship on the south side of the moon would have seemed fanciful. That life expectancy had doubled to 70 years from the 32 years it was in 1947 would seem unbelievable. In fact, even drawing a Test match against England would have seemed like a dream and a movie like Gully Boy might have been listed under the fiction category about future Indian society on Netflix (if the platform had existed). We escaped becoming a Myanmar, Afghanistan, or Pakistan and today is the cynosure of the world with both business and political leaders having to incorporate India in their strategic calculus. So, I wish by 2029 Indians living in what I have called (I have described India as three nations of-50 million Europeans, 425 million Indonesians and nearly a billion who are still living in sub-Saharan Africa) sub-Saharan Africa, start visualising the possibility of a better life for themselves in their lifetime.
My top five focus areas for the next five years in India would be:
Denne historien er fra February 18, 2024-utgaven av Business Today India.
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Denne historien er fra February 18, 2024-utgaven av Business Today India.
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"OFFER MORE SOPS FOR THE NEW TAX REGIME”
Dinesh Kanabar, CEO of Dhruva Advisors, on the tax-related measures expected in the Budget, reforms, and more
IN SEARCH OF A BOOSTER SHOT
TO BOOST GROWTH, THE GOVERNMENT MAY FOCUS ON INCREASING CAPEX AND BOOSTING DOMESTIC CONSUMPTION, PARTICULARLY TARGETING THE MIDDLE CLASS. THIS COULD PROVIDE A FILLIP TO STOCKS IN THOSE SECTORS
HEALTH BOOST
THE HEALTHCARE SECTOR IS EXPECTED TO RECEIVE A SHOT IN THE ARM IN BUDGET 2025-26, WITH A FOCUS ON PRIMARY HEALTHCARE, DIGITAL HEALTH, AND BOOSTING PHARMACEUTICAL MANUFACTURING AND RESEARCH. BUT CHALLENGES LIKE THE SHORTAGE OF HEALTHCARE PROFESSIONALS REMAIN
"Indian aviation to see double-digit growth for the next 30 years"
Vinay Dube, Founder & CEO of Akasa Air, on the country's aviation sector, why the airline was set up, and more
TIME TO BE SMART
This year could be a good time to take home some profits, reduce risk, and shift to large-cap investments
CLOTHES MAKETH A MAN
THE MEN’S LUXURY MARKET IN INDIA, ONCE A NICHE SEGMENT, IS WITNESSING AN EXTRAORDINARY RISE AND IS THRIVING, THANKS TO SOCIAL MEDIA AND RISING DISPOSABLE INCOMES
Front-running Redux
Ketan Parekh has again been accused by Sebi. This time the allegations are of front-running, an unethical practice in financial markets
Triumph of Engineering
The Udhampur-Srinagar-Baramulla Railway Line in J&K is set to expedite trade and tourism
MAKING A MARK
IN A LANDSCAPE DOMINATED BY THE BIG FOUR ACCOUNTING FIRMS, DHRUVA ADVISORS HAS STRUCK IT BIG ON THE BACK OF ITS TAX AND REGULATORY ADVISORY SERVICES, ASSISTING SOME OF THE MARQUEE DEALS OF INDIA INC.
TIME FOR A TAX BREAK?
INDIVIDUAL TAXPAYERS LOOK FORWARD TO THE BUDGET EVERY YEAR HOPING FOR A BIG TAX BREAK. IT HAS ELUDED THEM FOR YEARS, BUT WITH HIGH INFLATION, MODERATING URBAN CONSUMPTION, AND ROBUST TAX COLLECTIONS, WILL THE MIDDLE CLASS GET A TAX BREAK IN FEBRUARY?