Marginal growth in core sector industries; Cotton sowing pushes up Kharif sowing acreage; Forex reserves hit life-time highs
By Abin Daya Change is an unavoidable part of life - and of doing business. One of the biggest changes to the way we do business happened last Friday, with the rolling out of the GST. Yes, there will be disruptions in the short term and the cost of compliance will go up. Also, many small businesses will lose the tax arbitrage that enabled them to price below that of the larger companies. It will also increase the financing cost of business, particularly for those engaged in foreign trade. Speaking of financing, even that is not going to be easy. While credit growth is down because of low credit demand driven by the leveraged position of corporates combined with muted demand, even where businesses ...
'India 'bright spot' among larger emerging markets'
Source : PTI India and South Africa are the “bright spots” among larger emerging markets, as both these countries saw large improvement in the global competitiveness index compiled by World Economic Forum, while the trend for their peer countries is either one of decline or stagnation. According to The Global Competitiveness Report 2015-2016, the failure, particularly by emerging markets, to improve competitiveness since the recession suggests future shocks to global economy could have deep and protracted consequences. “However, there are bright spots: India ends five years of decline with a spectacular 16-place jump to 55th. South Africa re-enters the top 50, progressing seven places to 49th,” WEF said. China, holding steady at 28, remains by far the most competitive of this ...
