THE UNION BUDGET 2023-24 outlined the Top 7 growth-oriented priorities inclusive development, reaching the last mile, infrastructure and investment, unleashing the potential, green growth, youth power, and financial inclusion driven by digital and technological innovations. Amid the disruptions across the world, a 30 per cent-plus increase in capital expenditure over the past year with a sharp focus on infrastructure, logistics, regional connectivity along with ease of doing business and certain tax reliefs, was reassuring.
A fractured world characterised by social instability, climate change, technological disruption, rapid urbanisation and shifts in global economic power and demographics is a cause of concern for global CEOs as evidenced by PwC’s 26th Annual Global CEO Survey results. Between October and November 2022, 4,410 CEOs were polled across 105 countries, of which 68 were from India.
The dual imperative of overcoming near-term obstacles while reinventing businesses for the future is visible through much of the survey. Nearly 73 per cent CEOs worldwide predict a decline in global economic growth, marking a significant departure from their optimistic outlook in 2021 and 2022. Inflation, macroeconomic volatility, geopolitical conflict and climate change rank as the top threats, ahead of cyber and health risks.
The picture is a little different in India, with CEOs here exuding an air of relative optimism, further accentuated by Budget 2023-24, which in some ways reflects the way business has been evolving in India. About 57 per cent of CEOs in India believe that the country’s economic growth will improve over the next year. Nearly 25 per cent of the CEOs indicated that they would like to focus on evolving their business and its strategy to meet future demands rather than drive operating performance.
Bu hikaye Business Today India dergisinin May 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin May 14, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.