Vishesh Chandiok, CEO of Grant Thornton Bharat LLP
Cryptocurrencies are going through tough times. Data shows that shares of recently-listed One97 Communications, which operates Paytm, have eroded over half of the investors’ wealth against the issue price of Rs 2,150. The recent past has seen Indian MF houses file draft documents to launch funds based on themes such as semiconductors, electric vehicles and blockchain, among others. There is serious drama playing out at PTC India Financial Services. Advances in digitalisation and work from home have led to a sudden uptick in the number of cyber attacks that are costly and damaging. Even as the tenure of LIC Chairman M.R. Kumar was extended by a year, FM Nirmala Sitharaman announced in her Budget speech that LIC’s IPO is “expected shortly”. CMD Mukesh Ambani said, “Retail and digital services have recorded the highest ever revenues and EBITDA.” The routine antifever medicine Dolo 650 has gained huge popularity amidst the Covid-19 pandemic—starting with the second wave and continuing well into the third wave. After carrying the growth momentum for over a year, the country’s rural market has left India’s fast moving consumer goods (FMCG) makers high and dry. Rollout of 5G for broadband cellular networks in the US led to flight cancellations over warnings that frequencies could hamper navigation equipment. The Indian start-up ecosystem’s growth has quickened over the past one year, thanks to a combination of domestic and international factors. The plan is to boost electronics exports from $10.1 billion in FY21, to $105-130 billion by FY26.
For N. Chandrasekaran, the buyout of Air India must rank as one of the high points in his tenure as Tata Sons' Chairman. V. Anantha Nageswaran, dean of Chennai-based IFMR Graduate School of Business, is the new chief economic advisor (CEA) in the finance ministry. Despite logistics constraints and supply shortages, Apple recorded revenue of $123.9 billion, 11 per cent up YoY in the October-December quarter of 2021. There seems to be no end to Vijay Mallya's woes. Commerce and Industry Minister Piyush Goyal says $650 billion of exports for both goods and services within the current financial year is possible to achieve. Netflix Co-CEO Reed Hastings has called the firm's lack of success in India "frustrating".
The pandemic-induced education divide and learning crisis have highlighted the need for a paradigm shift in the way education is structured and delivered. with the national education policy outlining fundamental changes to existing models, india is poised to make significant strides towards holistic learning. In spite of the pandemic rattling the economy, the real estate sector is expected to gain from remote working and a better regulatory framework. MSMEs have been lionised as the ‘backbone’ of India’s economy. Yet they are always the hardest hit in a crisis. A series of concrete steps is needed to make the country’s spine much stronger than it is now. In the midst of the pandemic’s woes, India’s start-up ecosystem shone bright in 2021. The frenzied fundraising, IPO euphoria, and landmark exits helped it smash all previous records. But now, it is time to look beyond. India has committed to difficult targets for reducing carbon emissions despite not being amongst the top emitters. While that is praiseworthy, the next decade will test the path to reach that promise. Large companies have already got on to the smart manufacturing bandwagon. If that was 4.0, they are now gearing up for the 5.0 story. A few years from now, investors could use voice commands to trade in the stock market. Or, all investment advisory could be powered by AI/ML with zero or minimal human element. Technology and product innovation will be the constants, but what would these mean for investors and the markets at large? Covid-19 has opened up new opportunities for pharmaceutical companies, private hospitals and medical device manufacturers in India, among others. India’s healthcare industry looks set for high growth momentum in the near future. Attaining the much-hyped GDP size is taking longer than anticipated. With several policy levers now in place, the target should be snared soon. How large companies are putting together a robust supply chain to ensure business is not affected and also readying themselves for the future The emergence of blockchain technology is expected to boost innovation in many aspects of our lives through decentralisation and removal of intermediaries, providing India a unique opportunity to take a digital leap. All indications point towards large-scale EV adoption in the country in the near future. But will the challenges outweigh opportunities in the long run? Powered by state-of-the-art hardware and software, augmented reality will create a new, parallel universe of virtual objects, convenience and efficiency in the coming years 'Collaborate or die' is basically the mantra that the apps of tomorrow will follow. Is India ready for a China-like super app influx? Despite being tabled just days before assembly elections in five states, the Union Budget of 2022-23 was shorn of big-bang, populist announcements, focussing instead on creating a framework for long-term growth. It is not about doling out largesse, but developing a robust roadmap to deliver on economic growth, demand creation and jobs The pandemic has changed the concept of work, workplace and the workforce. As employers spruce up their USPs, hybrid and flexible work, mental health focus, and hiring from smaller cities and towns are here to stay.
As we bring you this second, and final, volume of our 30th Anniversary special issues, we have chosen to take a close look at 15 of the top trends which would help power India to the global centre stage.
The physical art world—from auction houses, galleries, museums to artists—wants a part of the NFT universe