Business Today

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Reforms needed for Viksit Bharat

Business Today

FORM – IV

POWERING THE SKIES • THE 15TH AERO INDIA SHOW, ASIA’S MAJOR AEROSPACE AND DEFENCE EXPO, TOOK PLACE FROM FEBRUARY 10–14 IN BENGALURU. SPANNING 42,000 SQ. M, IT SAW PARTICIPATION FROM OVER 90 COUNTRIES. HERE ARE SOME KEY NUMBERS:

ADVANCING INDIA • India’s artificial intelligence (AI) ecosystem is witnessing significant growth, driven by substantial investments, a thriving start-up ecosystem, and government initiatives. The country has allocated ₹10,372 crore for the IndiaAI Mission to attract top talent, provide risk capital, and ensure socially impactful AI projects. Here’s an overview of the AI landscape in India:

Oil’s Still Not Well • The gas migration dispute involving Reliance Industries and ONGC has taken a new turn; a resolution may take some time

BURMANS IN CONTROL • After a long battle, the Burman family has seized control of Religare. It needs to infuse money and get it back on track

Cautious Optimism • RBI’s optimism about India’s growth contrasts with cautionary signals, such as faltering consumer confidence and potential risks in retail credit

Minutes or Miles? • Flipkart Minutes enters India’s booming quick commerce segment, taking on Blinkit, Zepto, and Swiggy Instamart. While supply chain gives it an edge, leadership uncertainty and intense competition pose challenges

33rd ANNIVERSARY • What India must do to become a developed nation by 2047

Is this India’s Decade and Century? • We need to use technology to improve our health and education outcomes and upgrade the existing labour stock through a massive skilling effort

India Inc’s NEXT Wave • The old order of Indian business is set to undergo a tectonic shift, thanks to a host of new companies and their disruptive businesses

“VIKSIT BHARAT CALLS FOR 2.5 PERCENTAGE POINTS HIGHER GROWTH” • Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, on what needs to be done to put India on a higher growth path and the challenges ahead

Resilience Through Reform • Here’s what India must do to sustain its growth rate in a hostile and heterodox global environment marked by volatility

The Age of the Indian Consumer • India’s large youth cohort can make it the world’s biggest consumer market. But it needs to address the jobs and skills crisis to reap the demographic dividend

India’s Workforce Challenge • To create 400 million jobs, India needs to reimagine the challenge as one of employed poverty rather than unemployment. High wages need high productivity employers

Women at Work • By unlocking the hidden potential of millions of women, India can accelerate its journey to becoming a global economic powerhouse by 2047

Make Small Great Again • MSMEs remain a vast untapped segment of the Indian economy. While they have recovered from the impact of Covid-19, they are working far below their potential. What will it take to turn them into engines of economic growth?

India Must Embrace Competitiveness • Protectionism in response to trade deficits only worsens outcomes by reducing competitiveness and disincentivising its enhancement

GST Needs Wider Net, Lower Rates • Its grand success requires that the tax burden be moderate, coverage comprehensive, administration use cutting-edge technology, and dispute resolution swift and fair

Greening the Field • India’s ambitious target of 500 GW non-fossil fuel capacity by 2030 will require extensive effort. Can it be achieved?

Progress or Dead End? • State governments have all the powers to enact...