Internationalization of Indian Rupee-RBI’s major move to settle worldwide transactions in Indian Rupee
To promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, Reserve bank of India (RBI) puts in place an additional arrangement for invoicing, payment, and settlement of exports/imports in INR. This means that now the exports and imports will be denominated
The prospects of the emerging trade ties between India and Australia
Fuelled by the complementarities of the two nations, the recent decade has seen remarkable growth in trading relations between India and Australia. The countries have witnessed an ascending growth in their two-way trade volumes, with a trade value growth from $13.6 billion in 2007 to $24.3 billion in 2020. In 2020, India was recognized as
India-UAE Comprehensive Economic Partnership Agreement (CEPA) – the impact of bilateral ties and international trade
Overview of bilateral relation India and the United Arab Emirates (UAE) enjoy a strong bond of diplomatic, economic, and cultural ties. UAE is the third-largest trading partner of India whereas India is the second-largest trading partner of UAE. Trade volume between India and UAE stood at $53 billion during 2021-22 of which $20 billion was
RBI Monetary Policy and its Impact on the Indian Economy
Background and Introduction As the global economy continues to recover amidst the resurgence of COVID-19, the rapid spread of the Delta variant and the threats of new variants have increased uncertainties of overcoming the pandemic. This is also making policy choices difficult with multidimensional challenges of subdued employment growth, rising inflation, food insecurity and setback
International Trade Policy of India
International trade plays an important role in enriching the economic growth of any nation. Through specialization and division of labor, trade promotes efficient utilization of scarce resources. Since trade is part of a country’s Gross National Product (GNP), it plays a pivotal role in providing employment, raising standard of living, and enabling consumers to choose
Supply Chain Resilience Initiative
Introduction Disruption of supplies from a particular country due to natural calamities, such as pandemics or man-made events, such as armed conflicts, can adversely impact the destination country’s economic activities. Even before the world could completely grasp the devastating health consequences of SARS-CoV-2, China’s desperate battle to contain the new virus forced the imposition of
Budget Impact Highlights 2021
The Budget 2021 Something for Everyone The budget 2021 was presented amidst a challenging macro environment; with the first decline in real GDP in 4 decades, the Govt in India had to walk a tight rope. Though there was no large fiscal stimulus, the absence of any tax hikes and credible fiscal math provides
Medical Devices Industry of India
Industry overview The medical device industry of India, consisting of a wide spectrum of components and segments, has been consistently registering a double-digit growth rate in the past few years averaging to 15.8% from 2009-16. The current market size is estimated to be USD 11 billion which is the 4th largest in Asia. With a
Opportunities in the Indian Pharmaceutical Sector Post COVID-19
Objective Introduction The ongoing COVID-19 pandemic has shown the Indian pharmaceutical sector in good light recently, while at the same time, it has significantly exposed the frailties of the sector. Currently, the Indian pharmaceutical sector is in the news for good reasons as it is able to export millions of doses of hydroxychloroquine, an antimalarial
Fundraising action plan for startups amidst the Covid-19 induced uncertainty
Objective Introduction Post the 2008 recession, three recently founded startups decided to brave the superlatively bearish sentiment of the economy and developed a blue ocean strategy to enable consumers to try their innovative services. Consumption was remarkably low, translating to restrictive spending and ‘wise’ usage of capital. In such a period, investors and fund houses
Navigating the Ongoing Paradigm Shift in the Indian Education Sector
Part 1: The current scenario & responses by offline and ed-tech players The Indian government announced the nation-wide lockdown on March 24, 2020, bringing thousands of educational institutes’ operations to a halt for at least 21 days, and hence preventing India’s 260 million school and college going population from receiving their education. Several students are
Developing an effective workforce restructuring strategy amidst a global crisis
Introduction: Covid-19 has delivered a severeblow to an already fragile global economy,crippling global supply chains&adversely affecting every firm, sector & nation in its wake. Recovery hopes, at least for the short term appear grim: the economy is expected to go into recession through 2020-21, with the economy expected to contract by as much as 1%
Effect of COVID-19 on Indian Manufacturing Sector and Opportunities for Future Growth
Introduction While the 2019-20 novel coronavirus pandemic has had several economic effects around the world due to various reasons, one of the major reasons comes from China being the world’s manufacturing hub. As the virus spread across China, which was the origin of this outbreak, factories across the country have shut down and logistics has
Research Paper: Connecting Rural Dots Touching Lives
The Structural Shift from traditional farm sector to allied farm and non-farm sectors in Rural India focussing West Bengal Rural economy of India India is the world’s second largest agrarian economy accounting for 7.4% of total global agricultural output. It is also the world’s 3rd largest producer of food. A bumper harvest of winter crops
Union Budget 2020: Expectations & Reactions
The Union Budget 2020 was one of the most anticipated one in the recent history. From tweaks in long-term capital gains to GST rate-cuts in daily used items, this budget has a multitude of aspects associated with it. Today, we are sharing our experts’ view on the budget expectations and their reactions to the Union
Expectations from Union Budget 2020
My expectation is more from Budget speech than the budget per se. Those are: a. Come out of denial mode on the situation of the economy and transparently explain to common citizens like us if anything has really gone wrong in economy intheeyes of the government and if they admit so then explain what are
Impact of International Trade on Indian Grassroots: Why India dissented from RCEP
A reluctant participant in the dragged out RCEP negotiations that began in 2012, India gradually warmed up to the idea of greater economic integration to move up the global value chain. Although protectionist forces opposed the RCEP since its inception, liberal advocates of laissez-faire pushed for the free trade agreement. The Regional Comprehensive Economic Partnership (RCEP) is a
The US-China “Phase-1” Trade Deal: A Commentary
Story So far On the 526th day of the US-China trade war, the two superpowers reached an agreement on a trade deal. To be very clear this has been termed as a “Phase-1” trade deal. At this juncture, it’s important to take a step back and see what has transpired in these 500+ days of
Inclusive Growth in India
Absolute poverty has fallen substantially over the last couple of years, with most of this decline contributing positively to rapid economic growth in developing countries. However, the acknowledgment that economic growth often does not meet the needs of the poor has encouraged the current discussion on the need for inclusive growth. Economic growth in the
Scaling and Replication of Social Enterprises in India
In a nation with an estimated population of 1.37 billion people, an extensive range of social enterprises can make an impact. From public services to financial services, to technology, social enterprises can play a key role in a diverse economy like India. Ridley-Duff and Bull (2011) defined a social enterprise as an organization that applies
The Issues and Evolution of the U. S. Monetary Policy: Role Played by the Federal Reserve System
The US Federal Reserve System has essentially been focusing on three primary economic goals — maximize employment, stabilize prices, and keep long-term interest rates at a moderate level. This Infographic takes a look at how this apex body’s role and contributions have evolved over the decades.
Corporate Performance Management – How Can it Benefit Your Company?
What is Corporate Performance Management (“CPM”)? CPM is a broad term that encompasses the methodologies, metrics, processes and systems used to monitor and manage the business performance of an enterprise (Source: Gartner). In simple terms, to demystify the concept, CPM is a health check-up. Based on the results you take steps to change your lifestyle
A Comparative Study of China and India’s AI Policy
The output of human civilization has so far been primarily driven by human intelligence and when machine intelligence combines with human intelligence, the sky is the limit. Artificial Intelligence has gained significant disruptive power over the last two decades. The 4th Industrial Revolution (Industry 4.0) pioneered by AI implementation shall be the differentiating factor for
Cautious over Financial Instability, The RBI approves Surplus Transfer of Funds to the Government
The Central Board of the Reserve Bank of India (RBI) on August 27th 2019 decided to transfer a sum of Rs 1.76 Lakh crore to the Government of India (Government) comprising of Rs 1.23 Lakh crore of surplus for the year 2018-19 and Rs. 52,637 crore of excess provisions identified as per the revised Economic
June 2019 Financial Stability Report Summary
This is an excerpt of the Financial Stability Report ( FSR) as published by RBI on 27th June, 2019. People looking to advise on the Budget or willing to assess the Budget in light of FSR, will find this report summary immensely helpful. On 27th June, 2019, the RBI released the 19th issue of the
Major Risks for Emerging Markets in 2019
Emerging markets or emerging market economies (EMEs) refer to the economies of developing countries that have high growth expectations. They possess certain key characteristics, such the presence of a transition from a closed economy to an open market economy, a young population that can initiate long-term growth rates, underdeveloped infrastructure, and increasing foreign direct investment
Monetary Policy and Inflation Dynamics in Major ASEAN Economies
In 1997, the Asian Financial Crisis (AFC) caused a series of currency and stock devaluations that were decelerated when the International Monetary Fund (IMF) and the World Bank intervened with financial support. Since then, inflation dynamics have undergone substantial changes in several Asian economies. This included the major five of the Association of Southeast Asian
Industry 4.0 Consulting: Digitizing the Life Science Sector
The invention of the steam engine set the stage for the first industrial revolution that took place in the 18th century, mechanizing a lot of works in the agrarian sector. The next revolution was fueled by electricity and paved the way for mass production. The third industrial era witnessed the rise of automation, powered by
International Trade and Global Value Chain-Hypothesis and Implications
Over the last two decades, trade and production have become increasingly organized around what is commonly referred to as global value chains (GVC) or global supply chains. The advances in information and transportation technologies as well as falling trade barriers have allowed firms to unbundle production into tasks performed at different locations to take advantage
SOUTH CHINA SEA AND THE ROLE OF SUPER POWER PLAYERS
Overview The South China Sea presents a unique challenge for several countries due to contested claims to access to various economic zones in the region. The South China Sea’s geographical location makes it a prime region for strategic trade initiatives and economic value, which has consequently spurred tensions among China, its Southeast Asian neighbors, and
GROWTH STRATEGY CONSULTING: TURNING QUICK GROWTH PITFALLS INTO OPPORTUNITIES
Summary:The rapid growth stage can be the best and the worst times for any company, and, hence,needs to be handled appropriately. This article discusses how you can keep everything under control during this nerve-racking journey. Businesses are constantly under pressure to grow. And when an organization enters into that much aspired-for mode earlier than expected,
GEOSTRATEGIC RISKS AND THEIR IMPLICATIONS ON CORPORATE STRATEGY
Firms should be working out their strategy in today’s world keeping in mind the geopolitical changes which keeps on affecting the world economy and social behaviour which influences the consumption behaviour of the world or a region comprising of group of countries or a country. That, therefore, to a great extent affects a firm’s operations within
ASEAN AND ITS BILATERAL RELATIONS WITH MAJOR ECONOMIES OF THE WORLD
2018 proved to be a tumultuous year for the region. Some ASEAN countries faced major challenges. For example, Indonesia was struck by disasters multiple times from earthquakes to a tragic plane crash to a devastating tsunami. Elsewhere, countries were navigating their respective democratic paths. Cambodia and Thailand saw its institutions challenged with Hun Sen winning
INTUERISPEAK: SHOULD POOR COUNTRIES CURB THEIR CONSULTANCY SPENDS?
IMF chief Christine Lagarde recently irked the consultancy firms worldwide as she suggested that the low-income and emerging-market economies should desist from hiring global consultancy firms to build their strategic plans. She recommended the adoption of seven development goals set by the UN, instead. “I see many, many low-income countries and emerging-market economies spend millions
DAVOS DIGEST- INSIGHTS FROM THE WORLD ECONOMIC FORUM 2019
The annual World Economic Forum (WEF) concluded this past Friday in Davos. From discussing the ways to deal with climate changes to pondering over the future of Venezuela, the world’s High and Mighty have made headlines with their rhetoric amid an atmosphere of unprecedented uncertainty, fragility and controversy. The Team Intueri loved to keep sharing
2018: A YEAR IN REVIEW
It’s always good to take time to reflect on the past year before you look ahead to set your goals for the new one. Intueri looks back at the year that was and shares its analysis of the key events of 2018 that may have an enduring impact upon global value chains and shape the
Does the New GDP Evaluation Methodology paint a Truer Picture of India’s Economy?
Last month, the Central Statistical Office (CSO) of India came up with a new set of gross domestic product (GDP) data using the 2011-12 base year. Dubbed by some quarters as a ploy against the previous government just ahead of the next general election, the CSO release triggered controversy and upheaval all over the country.
Agro and Food Processing in West Bengal-Sector Analysis
Purpose of this research: We dive into extensive research on different business verticals with the mission to engage general audience and firms with the latest and in-depth overviews of these verticals so as to assist them in steering their businesses through a much knowledge and research-based approach. This research, we feel, connects best to SMEs
Tea Industry in West Bengal
Tea Industry in India and West Bengal Indian tea production for 2016 (Jan-Dec) was marginally up by 2.5% to 1239.15 million kg as compare to 1208.66 million kg in 2015. In 2016, Assam had produced 642.18 million kg in comparison to 631.22 million kg in 2015. In West Bengal too, production has gone up to
South Asia Trade with emphasis on Intra-regional Trade Integration
South Asia region comprising of India, Afghanistan, Nepal, Bhutan, Bangladesh, Maldives, Pakistan and Sri Lanka (member countries of SAARC and falling under the SAFTA agreement) continues to exhibit strong growth despite some slowdown in 2016 (6.7%) and 2017 (6.5%). The outlook remains robust primarily backed by healthy domestic demand. In 2018, growth is estimated to
ASEAN and Major Countries Economic Snapshot-Focusing on Economic Growth and Inflation
Global economy has been facing many challenges underpinned by risks related to trading environment. Tariff imposition by the US and retaliation by other major nations is likely impact global trade deteriorating the situation further for international trading markets. The other significant risk is policy normalization in advanced countries effecting capital flows mainly. Central banks are
INTUERI OFFERS DEEP RESEARCH SOLUTIONS
Source : Financial chronicles print and e-version clippings on Intueri Consulting. He worked with and spearheaded operations at two of the top ‘Big Four’ brands and now he is up to creating a ‘truly transnational consulting brand’ born out of Kolkata. Intueri Consulting LLP, the fledgling consulting firm floated by Ambarish Dasgupta, former India Head of
EFFECT OF THE US FEDERAL RESERVE’S INTEREST RATE HIKE ON INDIAN ECONOMY
The United States’ Federal Open Market Committee issued a statement on Wednesday, June 13, 2018, raising its benchmark rate by 25 bps and setting the target range for the federal funds rate to 1.75% to 2%, while maintaining an accommodative stance of monetary policy, in order to support strong labor market conditions and to achieve
IMPACT OF RESERVE BANK OF INDIA REPO RATE AND OTHER ANNOUNCEMENTS
One of the main issues in managing a company today that recurrently poses challenges as well as opportunities for the firm – is Treasury Management. A major activity of Treasury Management is managing the working capital of a company, including raising funds from the money market at the lowest possible cost to finance working capital
INTUERI’S CURRENT ENGAGEMENT WITH 3 MANDATES
Intueri Consulting LLP (“Intueri”) is currently engaged in 3 (three) separate mandates (the client names are being withheld for purposes of confidentiality). Significantly, all such assignments bear a single central theme – analyzing various dimensions of business within the ASEAN region and among countries of the Far East, especially in terms of economic outlook and logistical linkages. This
THE ‘FLIP’ SIDE OF FLIPKART
As Walmart picked up a 77% controlling stake in India’s biggest online retailer, Flipkart, for $16 billion, the world’s largest e-commerce deal and one of the biggest cross-border acquisitions in India consummated today. The deal, a product of 20 months of negotiations, certainly calls for compliments to the people and organisations who, directly or indirectly,
THIS TIME FOR AFRICA!
Forty-four countries sign historic African Union free trade agreement Forty-four out of fifty-five African countries have signed a historic trade agreement aimed at paving the way for a liberalized market for goods and services across the continent. The African Continental Free Trade Area (AfCFTA) was signed during the 10th Ordinary Session of African Union Heads
AfCTA EMERGES AS THE WORLD’S LARGEST FREE TRADE AREA
44 (forty-four)African countries recently came together to sign an historic trade agreement to establish a liberalized market for goods and services across Africa. Thus, the African Continental Free Trade Area (the “AfCFTA”) became the world’s largest free trade area since the advent of the WTO.Estimates suggest that, subject to unanimous ratification by the 55
TRUMP’S STEEL & ALUMINUM TARIFF
Background: President Donald Trump is to impose steep tariffs on steel and aluminum. He said steel products face a 25% tariff, with 10% on aluminium goods. The value of shares in American steel manufacturers jumped significantly after the announcement. The U.S. aluminum industry has shrunk drastically over the last 25 years, down from 23 operational smelters to
INTUERI EXPERIENCE
Any cross-country trade or a global value chain (GVC) is mired by macro-economic factors, monetary and fiscal policies, legal mandates, trade pacts and regulations, taxation and international relations of the constituent countries. Any one or combination of these factors often influences a business strategy. Today business leaders are apprehensive about the growing uncertainties of these