It’s highly possible for a woman to become the RBI governor in the next few years and share the global podium. After all, India has always kept its faith on women’s wisdom. In this issue, BE tried to present to its readers, the problems and prospects of women in this country.


Renewable energy is in the need of effective solutions for growth’s survival. BE has covered the present situation of renewable energy and it's development in India. 

The Modi government has announced the new National Education Policy 2020. It aims for a holistic, inclusive education from pre-school to secondary level with 100% Gross Enrolment Ratio (GER) in schools by 2030. BE has analysed the pros and cons of the NEP, 2020 in this edition. 

Indian government has initiated Unlock 3.0 since August. To safeguard the human lives, FICCI has published its Unlock 3.0 guidelines that should be maintained in various sectors when opening them. This issue of
BE has covered sector specific present situations and future estimations during the Unlock 3.0.

Covid-19 pandemic is the most urgent and recent threat to the world. Climate change has been persisting as the great threat to the world. The United Nations Climate Change Conference (COP26) is rescheduled to be held in Scotland in 2021 due to Covid-19. BE has covered the relation between pandemic and environment.

Prime Minister Narendra Modi has warned China in stern language. Citing security reasons, the government has banned 59 Chinese apps such as TikTok, Shareit, UC Browser, WeChat and others. The current edition of BE has covered how this ban can encourage the domestic mobile application sector in India.

COVID-19 has accelerated technical adoption across India. From tele-health solutions to virtual classrooms, facilitating remote work, and enabling virtual control for decision-making, it is reimagining online business models and stepping up the cyber security needs. IoT will play a major role in reshaping education, public services & MSMEs for growth. The current edition of BE has covered the role of Internet of Things to economise businesses during the pandemic. 

Start ups can be a savior for the Indian economy in present situation. BE in this edition has covered the growth of start ups and how the sector is performing during Covid 19 pandemic.

Finance Minister Nirmala Sitharaman announced relief measures in five tranches, which are not very effective due to various reasons. The government should take stock of the extremely critical situation for which long-term measures need to be taken. BE has analysed the stimulus package in this issue.

Nationwide lockdown has stressed every industry and business across the country. The banking system is closely connected with this problem concerning loans, credit and other related issues. The current edition of BE has covered Lending, Fraud, Failures and Survival of the banking system in India.

Agriculture sector in india is in distress and the recent Coronavirus outbreak is troubling the sector to encounter massive loss. BE in the current edition addressed the issues, agriculture is suffering from and how the government is trying to aid the sector to overcome. 

Covid-19 pandemic has led the world at a great peril. The health and lives of humans and economy are under serious threat due to the pandemic Covid-19. According to the latest UN Trade report, the world economy will go into recession this year with losses of trillions of dollars. BE has covered the possible impacts of the pandemic as its cover story in this issue.

Provisions were incorporated in Companies Act for mandatory Corporate Social Responsibility for firms fulfilling certain conditions regarding their size and profit history. Such firms are to spend at least 2% of the average net profits made during the three immediately preceding financial years. For this issue BE has covered the impact of mandatory CSR towards the overall development of the country. 


Tea industry has been suffering due to the rising cost of labour and inputs, vagaries of nature, and agricultural income tax levied by state governments. Therefore, many gardens are on sale or on the brink of bankruptcy. BE has covered the growth of tea industry in India in this edition.

Horticulture sector contributes 54% of agricultural exports and 28% of Agro-GDP in India. This sector has grown at the growth rate of 3.6%. India is the second largest producer of fruits and vegetables in the world next only to China. BE has covered the horticulture sector in this issue.

The steel sector in India has witnessed both a period of recession and boom. During good times from 2004 to 2010, it had large capacity enhancement from 28.5 million tonne to more than 100 million tonne by 2010. It was around 137.98 million tonne in 2018-19. BE has covered the steel industry in India in its current edition.

Handicraft exports from India increased by 1.7% year-on-year during April-November 2018 to USD 2.42 billion. The handloom and handicraft industry is one of the largest unorganized sectors of economic activity in India providing employment to 43.31 lakh weavers from rural and semi-urban areas. For this issue BE has covered the potential of the Indian handicrafts sector.

 

The 12th edition of the World Confluence of Humanity, Power & Spirituality was graced by a galaxy of politicians, religious heads, philosophers, enlightened persons, eminent writers, scholars and entrepreneurs. The youth had comprised a large segment of the audience. BE has covered the 12th edition of the World Confluence of Humanity, Power & Spirituality in this issue.

The cover story of BE for the current issue is on the Universal Religion of Humanism. Humanity is the essence of all religions. Service to Humanity is worship of God. Harmony, peace, love, co-operation and co-existence are the essence of eternal laws. Unity in diversity is the manifestation of the Creator. 

Global economy is on the path of slowdown due to various factors – global trade wars, rising trade barriers, nationalistic approach to protect employment, slow industries and economic growth. This issue of BE has covered the current trends of global economy.

Real estate sector in India is expected to reach USD 1 trillion by 2030. By 2025, it will contribute to 13% of the country’s GDP. The sector is the second largest employer of educated, skilled, semi-skilled and unskilled, after agriculture. This edition of BE has covered the current scenario of the real estate sector in India.

India’s insurance sector is the 15th largest in the world in terms of premium volumes. Owing to rising awareness and increasing population, innovative products and a proliferation of distribution channels, the industry is expected to reach newer heights by 2020. BE has covered the insurance sector in India in this edition.

During Dhanteras the jewellery market, the white good market and the utensil market experience a boom in India. This issue of BE has covered the growth rate of the markets and the expected recovery of Indian consumer expenses.

According to the Economic Survey 2018-19, India 's demographic dividend will peak at 2041, when the working age segment of 20-59 years is expected to hit 59%. There is a mounting concern that the future for working people would turn out to be jobless due to low investments, deglobalisation, technological progress and global trade wars. BE has covered the rolling issue in this edition. 

Tourism contributes close to 10% of the GDP in India. It is the third largest foreign exchange earner for the Nation. Foreign tourists increased 5.2% year-on-year to 10.56 million in 2018. But there is a booming market for domestic tourism. It has great employment potential as well. BE has covered the tourism sector in the current issue.

India requires investment worth Rs. 50 trillion in infrastructure by 2022 for inclusive and sustainable development. Infrastructure and construction have the second largest share in FDI inflows. Due to several factors, investment is negligible. Overall there are large numbers of stalled projects covering roads, real estate, social projects, healthcare, education, and what not. BE has covered the overall infrastructure sector’s growth in India.

India has been developing infrastructures and logistics for movement of goods and services from rural agricultural India and manufacturing sector to the consumers and for exports and imports of raw materials. According to the global ranking of the World Bank’s 2018 logistics performance Index, India slipped to 42nd position from 35th in 2017. BE has covered the logistics sector in India in this edition.

The central Government is on a drive to ensure Digital India. Mobile apps are being used for services like calling plumber, taxis, carpenter, using entertainment, using spiritual messages and scriptures, inspiring stories, skill development, health and success tips, advertising and so on. India’s app economy is growing very fast. BE has covered the growth of app-based business in India in this issue.

The budget has emotionally charged the Bharatwasis who believe it would boost growth, employment, investment, exports, MSMEs, farmers’ income, infrastructure, social infrastructure, and bring more money into the hands of lower middle class by allowing larger tax relief on housing and tax relief to medium turnover companies. BE has analysed the present scenario of the banking sector in India with a special focus on Budget in this issue.

Health sector has great potential for growth and employment - both unskilled to highly skilled. It is expected to witness a growth of USD 220 billion and a workforce of 7.4 million by 2022. Due to poverty, lack of nutritious food, modern living habits, ageing, pollution, healthcare requirements have been increasing.

Modi may have won the 2019 general election bypassing the economic issues at large but now, arresting an economic slowdown and nursing back the country’s financial sector are among the crucial challenges before the nation. Indian economy has slowed down to its lowest in five years in the last fiscal and was estimated at 6.8% after a downward revision from government’s estimates of 7% last February. Economic slowdown, high unemployment rate, and agrarian crisis were not highlighted in election manifesto of the NDA. But they need to be taken seriously now. Exports are seen as a weak link in India’s economic growth story. The new government has to renew its focus on this sector and has to address the concerns of Indian export industry. Exports further need to focus on new products like food commodity and break free from traditional items so that growth is more resilient and sustainable. This will cushion our exports from global volatility and shocks in the long run.

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BUSINESS ECONOMICS - March 16-31, 2018

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