INSIGHTS OF THE INDIAN ECONOMY

The hard choices that we need to make to ensure economic stability Indian economic recovery prospects have gone from bad to worse after the nation emerged as a new global hotspot for the coronavirus pandemic with more than 5 million infections.   Economist and global institutions have recently cut India’s growth projections from already historic lows as virus continues to spread. Although, as per the recent data, economic activities have been picking up month on month now with the reopening.   However, the recovery is likely to be gradual as efforts towards reopening of the economy are confronted with rising infections.   People are now eying upon the festive season ahead but no one can predict whether momentum will pick up during the peak season or not. The only positive factor we have been witnessing is that agriculture sector at least showing signs of a good growth in current fiscal with the grace of a bountiful monsoon this year.   We will be expecting some boost...

An Insight into the Indian Chemical Sector The Indian chemical sector is poised for a phenomenal growth in the coming years. It is believed that the firms providing specialty chemicals to pharmaceutical, personal care and agro-chemical industries are in a sweet spot due to a steady growth and stringent regulations that create entry barriers for competitors. The Indian chemical industry is one of the fastest-growing in the world. The growth is mainly driven by consumption and export opportunity. The chemical industry contributes significantly to India's export-import trade in terms of value. Its specialty chemicals segment has a lot of space to grow. As per estimate, global specialty chemical market is likely to reach $1000 billion FY22.  China and North America dominate the global specialty market and having more than 50 percent of market share. India's share is merely 3 percent. This shows that the specialty chemicals market in India is at a lower level as compared to the US a...

 An exciting future ahead for IT Companies.   We observe that technological evolution has been taking place with rapid pace amid Covid-19 pandemic. The pandemic has accelerated digital transformation journey of many countries. As a result, we are witnessing digital transition with unprecedented pace. Socially distanced culture and repeated lock down due to increase in Coronavirus cases all over the world have forced everyone to adopt more tech enabled tools for survival. The entire world is now looking for more Automization & Robotic Techniques, e-commerce, e-education, virtual meetings and tele-health services. As a result, we are seeing a manifold increase in demand for tech enabled services. Over the next decade, Digital economy in the US is set to grow to 10 percent of the US' GDP. This would create great opportunity for Indian IT firms, driven by automation, cloud, digital transformation and consumer experie...