MarketMind - Ending & New Beginnings?
Arvind Singhal | Chairman
While it may still be premature to conclude that India is currently witnessing the end of a political
era and with that, end of a few political dynasties in India, there are several major tectonic shifts in
the Indian and global business environment which could mean curtains for several currently iconic,
very successful businesses and perhaps even some of the largest Indian business groups too.
Read More...Rural retail: To touch $25 bn by 2020
Saloni Nangia | Senior Vice President
The rural Indian economy, growing at 8-10 per cent every year, will be adding $90-100 billion of new
consumption in the next five years, over the current base of $240-250 billion. There are a number of
factors supporting this growth: increasing incomes due to good monsoons and government initiatives
and schemes; employment opportunities in infrastructure and industry projects across the country and
emphasis on local employability.
Read More...
The price of procrastination and inaction
Arvind Singhal , Chairman
As one more year comes to an end, only for the diehard optimists would the mood be upbeat. For
many, while 2011 will again be welcomed hoping that it would bring many positive changes, the
track record of our political leadership in 2010, both at the Centre and in most of the major states
barring Bihar and Gujarat, does not inspire much confidence. The scourge of inflation has hurt
hundreds of millions of low- and middle-income India almost throughout the year and will
continue to do so since the government has not addressed any of the basic structural
inadequacies, especially relating to agriculture and post-harvest storage and distribution. Job
creation continues to lag behind the numbers that are getting added to the workforce every year.
Read More...
