Weekly Update : 24th May, 2024

Opportunities abound for India Inc to capitalise on its Viksit Bharat journey

The government’s policy innovations and timely decision-making have kept the economy on track and created new opportunities. As a result, India has witnessed steady growth, employed fiscal discipline, nurtured a resilient banking sector and offered support to disadvantaged sections of society. Read more

The perils of complacency: A warning from the breakdown nations

At a time when two big economies, the US and India, are attracting a lot of hype for their enduring strength, it is worth looking at nations that not too long ago were billed as star performers but are now breaking down. Led by Canada, Chile, Germany, South Africa and Thailand, these ‘breakdown nations’ carry a lesson. Read more

Government considering options to roll out labour codes

The Ministry of Labour and Employment is considering several options including a gradual repeal of the old labour laws to ensure there is no legal void in states that are yet to draft rules. Besides, the ministry is holding talks with states that are behind in publishing rules, urging them to expedite their compliance. Read more

IMA India Brief: Political and Policy Issues to Watch in May 2024

Amid India's extensive electoral process, early indications suggest a departure from the customary notion of a decisive electoral 'wave'. Furthermore, while policy decisions are momentarily paused, the government is already gearing up for post-election strategies, with a focus on economic reforms in infrastructure and manufacturing. The RBI is also proceeding cautiously in the face of a complex global economic landscape, postponing rate adjustments pending clarity on monsoon patterns. Stay informed with insightful analysis from Adit Jain, Chairman & Editorial Director of IMA India, in this latest edition of India Brief. Read more

Insuring future: The golden age of India’s General Insurance sector

India’s general insurance sector, the very heartbeat of our nation’s economy, has blossomed into a powerhouse in recent years. Backed by a strong regulatory framework, this flourishing sector presents a wealth of growth opportunities.

In this article,?Samir H Shah, Executive Director & CFO, HDFC ERGO General Insurance, reflects on the sector’s remarkable journey, its current landscape, and its promising future. Read more