India's urban areas are projected to contribute 70 per cent of gross domestic product in 2025-26, up from 45 per cent in the 1990s, according to a report by Dun & Bradstreet.
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
Manoj Vaish, who has put in his papers as chief executive officer of the Bombay Stock Exchange, would be joining Dun & Bradstreet South Asia & Middle East Ltd as president (financial services).
The 'Dun & Bradstreet - Polaris Financial Technology Banking Awards 2012' seeks to recognise the growth and resilience of the Indian banking industry.
According to the Dun and Bradstreet economy forecast while subdued demand is expected to slow down the overall inflation, upside risks to overall inflation persists from depreciation of rupee and increase in global crude oil prices.
In the next six months it will be subdued.
The business confidence of India Inc for April-June quarter witnessed the steepest fall in the last three years as the Union Budget did not have any major steps towards reforms, says research firm Dun and Bradstreet.
India will see a three-fold jump in GDP.
Preeta Misra, head, financial education solutions, Dun & Bradstreet -- India, said, "The economic downturn has opened up opportunities for companies in India, as with the decrease in the attrition rate of employees, companies can now have the crucial talent they need. They can identify and build leaders for tomorrow and set up efficient internal processes in place to build the future growth."
Inflation may touch the six per cent-mark by the end of this fiscal due to surging food prices and decline in agricultural output, research firm Dun & Bradstreet said.
For the current financial year, trade deficit would be around $21 billion, where in exports would be about $182 billion and imports would be about $303 billion, Dun & Bradstreet said. Though the government has taken proactive and timely steps but there has been a significant dip in confidence level.
India's economy grew 4.7 per cent in 2013-14, following an expansion of 4.5 per cent in 2012-13. In the fourth quarter of 2013-14, growth remained subdued at 4.6 per cent, mainly due to a decline in manufacturing and mining output.
"We are maintaining our forecast of eight per cent growth for the current financial year despite the dwindling global economic scenario," Dun & Bradstreet India Chief Operating Officer Kaushal Sampat said. The global credit crisis might have slight impact on the Indian economy, but there would not be any significant impact as the financial institutions in the country were insulated, and regulators should be given credit for this, Sampat added.
The country's economy will start witnessing a growth of 6.5 to 7 per cent from fiscal 2023 onwards, helped by various reforms undertaken by the government so far and also as COVID-19 vaccination drive progresses, Chief Economic Advisor Krishnamurthy Subramanian said. He said the second wave of COVID-19 is unlikely to have a very significant on the economy. The country's economy contracted by 7.3 per cent in fiscal 2020-21. "Together with the reforms and focus on vaccination, I expect growth to start hitting close 6.5 to 7 per cent from FY23 onwards and accelerate from there on," Subramanian said at a virtual event organised by Dun & Bradstreet.
The Dun & Bradstreet Composite Business Optimism Index stands at 81.1 during the 2nd quarter of 2016
D&N cites positive changes in momentum in certain segments of economy, but says some areas of concern remain
The level of optimism about business environment among chief financial officers in the country declined in April-June.
Relative to its competitors such as Infosys, Wipro and TCS, Cognizant's spending on sales and marketing is 50% higher, says an expert.
The top line growth for the 500 companies slowed down to 8.7 per cent.
India's gross domestic product growth, which had fallen under 5 per cent, is expected to be between 5.4 per cent and 5.9 per cent this fiscal.
Majority also said that their risk appetite has not increased over one year.
According to the global business information, knowledge and insight provider, India is likely to achieve an average growth rate of around 7.5 per cent during FY15-FY20.
According to the Dun & Bradstreet CFO optimism index, nearly half of the surveyed CFOs expressed optimism regarding the macro economic scenario for the Indian corporate during the April-June quarter of this year.
Maruti Suzuki along with Dun & Bradstreet announced the launch of Colors of Youth 2011, a national level talent search competition for students pursuing professional courses in the country. Read on for details.
Indian economy is likely to rebound with an 8.9 per cent growth in the fiscal year beginning April 2021 after economic activity showed significant improvement in the last quarter, IHS Markit said on Friday. The National Statistical Organisation (NSO) on Thursday predicted that the economy will contract 7.7 per cent in the current financial year ending in March, the worst performance in four decades.
"The Index of Industrial Production (IIP) is expected to remain subdued and register below 5 per cent growth during the remaining months of FY'12 as production activity continues to be impacted by the slowdown in investment demand and the weak business and consumer sentiment," D&B said in the latest issue of its 'Economic Observer' report.
According to D&B, food price levels might witness a rebound as foodgrain production is estimated to have declined during 2014-15.
"India Inc's optimism continues to surge with the index scaling to a three-year high," research firm Dun and Bradstreet said while releasing its Composite Business Optimism Index for the first quarter of calender year 2011.
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India's exports could witness a significant improvement in coming years if the government adopts proactive measures like easy availability of trade finance, improvement in marketing and boosting infrastructure sector, research firm Dun and Bradstreet says.
Food inflation fell to a four-month low of 9.18 per cent for the week ended March 26, even as wholesale price inflation stood at 8.31 per cent in February.
Francisco D' Souza, president and chief executive of Cognizant Technology Solutions (earlier called Dun and Bradstreet Satyam Software), believes Asia and Latin America would be the nearly $3-billion New Jersey-based offshore IT service major's focus areas of growth.
Overall inflation rose marginally to 8.31 per cent in February, 2011, from 8.23 per cent in the previous month.
Highlighting the role of MSMEs in enhancing exports and helping the country achieve self reliance, Union Minister Nitin Gadkari on Monday said India does not need to import from China. "Already in automobile sector, in many sectors now, in agriculture, automobiles, everywhere, we have already found the solutions. Now we don't need to import from China," said the minister. He observed that India was exporting a lot of items instead of importing them.
Dun and Bradstreet forecasts that overall inflation will touch 6 per cent by the end of the current fiscal, fuelled by, among others, current high food prices and the impact of the drought. The 20 per cent deficit in the monsoon is slated to bring down kharif output by 15-20 per cent. The news couldn't get worse.
The US-based research firm Dun and Bradstreet has projected sharp decline in business confidence in India for the first quarter of 2009, mainly on account of decreasing demand and erosion of profits.
Food inflation has eased by nearly a percentage point to 17.28 per cent for the week ended January 2.
Companies had opted for higher debt in FY'08 and the preceding years in order to execute expansion plans and to meet working capital needs during the boom period. Since then, the situation has changed dramatically. Today, cash flows are locked in inventories, demand has dried up significantly, there is lack of funding options amid the global credit squeeze and a slump in equity markets, research firm Dun & Bradstreet said.
'The move towards fiscal consolidation had to be diluted because of the relief to farmers as the government wants to appease the voters.'