In this issue

Dear Reader,
THE PAST FORTNIGHT has been eventful for the Indian economy.
Union Finance Minister Nirmala Sitharaman’s Budget for the year
2023-24 has been widely hailed. I see both continuity as well as change
in Ms Sitharaman’s Budget. She has kept up the momentum on boosting
infrastructure —which has been a key governance plank of the Narendra
Modi government.
With an infrastructure comparable to that of high-income category
countries, the country’s economic ambitions soar. It has a multiplier
effect on job creation and the overall economic health.It’s however the
government that has been making investments in infrastructure. It’s
hoped that the private sector, too, would play its part.

Please do send us your feedback.
Happy reading!

INDIA'S NEW GROWTH ENGINE

UP MAJOR INVESTMENT PROPOSALS

10 mins

'CX is Very Important in a Recessionary Environment'

In a conversation with BW Businessworld, Rob Tarkoff, Executive Vice President & General Manager - CX, Oracle Corporation, speaks on the importance of customer experience (CX) against the backdrop of growing fears of recession, importance of AI and more. Excerpts Rohit Chintapali

3 mins

Founders Versus Funders

MINHAZ MERCHANT IS THE BIOGRAPHER OF RAJIV GANDHI AND ADITYA BIRLA AND AUTHOR OF THE NEW CLASH OF CIVILIZATIONS (RUPA, 2014). HE IS FOUNDER OF STERLING NEWSPAPERS, WHICH WAS ACQUIRED BY THE INDIAN EXPRESS GROUP

4 mins

MARKET NOT A JUNGLE, BUT A GARDEN; NEEDS TENDING

COMPETITION is a complex notion. Its neither observable, nor easily experienced. Monopolists are invisible. They creep into our lives unannounced and don’t ‘vacate’ it.

4 mins

Trusteeship in City Management

THE MORBI bridge collapse is a classic case of dereliction of duty by a municipal body. The elected body should have accepted moral responsibility and resigned collectively.

4 mins

Construction Industry is a Big Culprit

THE RECENT TRAGIC happenings in Joshimath have brought into sharp focus the follies of the construction industry. The mistakes of this crucial sector of the economy – wilful or otherwise – are causing widespread harm to the ecology.

4 mins

Better Marketing Is Better Business!

THE MAJORITY OF PEOPLE who have attained marketing leadership positions have mostly concentrated on the creative aspect of engagement. However, effective marketing lies at the nexus of creativity, innovation, and art.

4 mins

INDIA, CLUSTERS AND THE CASE FOR UNIFORM GROWTH

ONE OF THE MAJOR ISSUES in policy has always been what drives a country’s growth. It sometimes happens that particular areas with booming economic activity tend to be the main drivers of this growth and development, resulting in a varied spatial economic landscape.

3 mins

ADVANTAGE ANDHRA PRADESH: STATE CALLS ON INDUSTRY TO INVEST

The Andhra Pradesh government will hold its Global Investors Summit (GIS) in its new capital Visakhapatnam on March 3-4. The summit’s theme is ‘Advantage Andhra Pradesh: Where Abundance Meets Prosperity’, which would showcase the vast business opportunities in the state

5 mins

THE ROAD NOT TAKEN

KIRAN’S KONTRARIAN KORNER

4 mins

HISTORY'S MESSAGE FOR VIRTUAL DIGITAL ASSET REGULATIONS

A SPOTLIGHT ON FINANCIAL ASSETS, SOCIETY & REGULATIONS

8 mins

THE BIG FALL

The hammering received by the scrips of Adani Group companies in the wake of accusations of fraud and stock manipulation by US-based short seller Hindenburg Research will go down as the worst in the Indian stock market history

6 mins

"Today the discerning tourist supports more sustainable and low impact tourism"

Union Tourism Secretary Arvind Singh recently spoke to BW Businessworld about the phenomenal growth in domestic tourism post pandemic and how the government is introducing new measures to make this sector a big contributor to the GDP

5 mins

"INSULATING BUILDINGS IN A RESPONSIBLE AND COMMITTED WAY"

ROCKWOOL stone wool insulation is made from one of nature's most abundant resources-volcanic rock. Not only is it a natural material, it also boasts a unique combination of benefits and lays the foundation for our business.

3 mins

Year Of Layoffs?

The mega layoffs announced by the US tech giants since the beginning of the year as well as the 22,000-plus job cuts effected through 2022 by our very own tech startups may not be the last time the world is hearing this sordid story this year

7 mins

Is Gender Budgeting Mere Lip Service?

TYPICALLY, INDIA CELEBRATES women’s empowerment in set ways. Bluntly said, the annual tokenism to International Women’s Day, fostering assigned quotas in colleges, campus placements, Panchayat seats, etc. make up for much of these celebrations.

4 mins

THE INDIAN EMPLOYABILITY CHALLENGE AND AN EXPERIENTIAL LEARNING SOLUTION

Employability.life is working in partnership with Federation University Australia to bring a unique programme to India, designed to enhance student employability in the digital age through experiential education. By replicating the workplace environment and its focus on task delivery, Experiential Microcredentials (XPMCs) combine with a traditional degree to maximise outcomes in both learning and employment. Dr Annurag Batra of BW Businessworld sat down with the key figures in this transformative new approach.

7 mins

Template for Developed India

Union Budget 2023-24, with record capex, hopes to see a massive expansion in infra, even as it aims for fiscal consolidation and assuaging key constituencies

2 mins

Big Boost for Infrastructure

The robust infrastructure spending announced in the Budget bodes well for the growth prospects of engineering, procurement and construction companies

5 mins

Losing Steam?

The government's disinvestment programme, designed to free it from owning and running businesses, appears to have been put on the backburner

5 mins

NirmalaNomics meets ModiPolitics

FY2024 signal the arrival of the politician Sitharaman? Or is it the economist Sitharaman? Seems the positive blend of both, a happier note that enriches the powerhouse of talent in the Union Cabinet.

4 mins

A Growth-oriented, Inclusive Budget

FINANCE MINISTER NIRMALA Sitharaman has delivered a growth-oriented and inclusive Budget that aims to fulfil the aspirations of one of the fastest-growing major economies in the world.

3 mins

Surging Towards India@100

THE FINANCE MINISTER presented a powerful Union Budget for 2023-24, setting the stage with figures indicating the country’s strong economic performance this past fiscal.

3 mins

Ladder for Economic Growth

THE UNION BUDGET 2023-24 is undoubtedly one of the most challenging budgets the Indian government has faced to date, given the current global economic downturn and the ongoing war in Ukraine.

4 mins

Path to Green Growth and Energy Transition

THE UNION BUDGET 2023 builds on India’s relentless commitment to accelerate the economy’s transition to green energy.

3 mins

Transformational and Green Budget

THE UNION BUDGET 2023-24 is a transformative budget and it sets a clear direction for the economy for the foreseeable future.

3 mins

Signaling Growth with Macroeconomic Stability

IN THE PREVAILING domestic and international economic environment, formulating the budget was riddled with several complexities.

4 mins

Between Growth and Fiscal Consolidation

BUDGET 2023-24 strategised a structural shift in favour of capital expenditure (Capex) to push growth. Government Capex is known to generate higher multiplier effects.

4 mins

Balancing Numbers

THE UNION BUDGET for FY24 was a special one coming as it did before the General Elections in 2024.

3 mins

"INDIA'S REFORM AGENDA WILL ENSURE ITS PLACE IN GLOBAL VALUE CHAINS"

In a conversation with BW Businessworld, Manmeet Nanda, Joint Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, talks about the various initiatives of DPIIT to reduce the cost of regulation, their impact on supply chains and how these initiatives are addressing challenges on the ground

5 mins

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