The fifth edition of Business Today’s fastest growing companies picks out leaders who grew even in tough times.
Over the past few years, businesses in India have been facing rough weather. Some of that has been due to the sustained impact of demonetisation and introduction of the Goods and Services Tax. Now, with the rupee weakening against the dollar and a steady rise in crude oil prices as India enters an election year, business optimism has deteriorated, according to the latest Grant Thornton International Business Report. And it is happening at a time when global optimism is at a record high.
There are positive signals too. The International Monetary Fund (IMF) has stated that India will be the fastest growing economy at 7.4 per cent in 2018, and grow at 7.8 per cent in 2019. The IMF’s Asia and Pacific Regional Economic Outlook says that “the recovery is expected to be underpinned by a rebound from transitory shocks as well as robust private consumption.” The World Bank has forecast that India will grow at 7.3 per cent in 2018 followed by 7.5 per cent in 2019 and 2020. Meanwhile, the Nikkei Manufacturing Purchasing Managers Index rose to 51.6 in April from 51 in March 2018. As the government aims to resolve the issue of banking NPAs under the Insolvency and Bankruptcy Code (IBC), there is hope that many large, indebted companies could find new buyers.
This story is from the June 03, 2018 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the June 03, 2018 edition of Business Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS