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Headlines
Did humanities focus slow India's New study says vocational education helped China grow | ThePrint, 12 nov 2024
How do stipend-backed internships boost employability and real-world skills? | India Today, 12 nov 2024
Rising diabetes rates in India highlight need for accessible treatment innovations | Express Healthcare, 12 nov 2024
Foreign funding: Higher FDI to improve growth outcomes for Indian economy | Business Standard, 12 nov 2024
MSMEs and Traditional Business Methods Vital to the Indian Economy: Experts | Entrepreneur India, 12 nov 2024
Redefining Rural Super Specialty Healthcare through e-Clinics - Lakshmoji Tejomurtula | Lokmat Times, 11 nov 2024
Feverish state: Editorial on the impact of climate change on health and India's economy | The Telegraph India, 11 nov 2024
India's adoption of AI technologies higher than global average, claims new report | Hindustan Times, 11 nov 2024
Transforming India's healthcare distribution landscape | The Economic Times, 06 nov 2024
India's digital education ambitions - why it necessitates a structured roadmap | CNBC TV18, 16 oct 2024
Business & Finance
Mohammad Anas Wahaj | 10 mar 2017
According to the Organisation of Economic Cooperation and Development (OECD) report, 'India Economic Survey 2017', although India's economy continues to grow (7% in current fiscal year), but the rate of employment has declined and it lags most other countries in creating quality jobs. Over 30% of youth aged 15-29 in India are Not in Employment, Education or Training (NEETs). This is more than double the OECD average and almost three times that of China. Isabelle Joumard, senior economist at OECD, says, 'NEETs include all youth left outside paid employment and formal education and training systems. They are NEET because there are not enough quality jobs being created in the system and because they have little incentives or face too high constraints to be in the education and training systems.' OECD points out complexity and strictness of labor laws and restrictive employment protection legislation compared with other emerging economies, as some of the several factors responsible for India's poor performance. Ms. Joumard adds, 'Thus, corporates in India tend to rely more on temporary contract labour, stay small or substitute labour for capital to avoid strict labour laws. Apart from that, corporate income tax has created a giant bias against labour-intensive activities.' Read on...
Livemint:
More than 30% of India's youth not in employment, shows OECD report
Author:
Harsha Jethmalani
Mohammad Anas Wahaj | 20 feb 2017
According to India Brand Equity Foundation (IBEF), the Indian healthcare industry is currently pegged at around US$ 158 billion and is expected to hit US$ 280 billion by 2020. Alpna Doshi, CIO at Philips, while recently speaking on 'Digitalization of Healthcare' at NASSCOM India Leadership Forum, says, 'Unequal access, poor quality and rising costs are three key challenges faced by the healthcare industry.' She adds that these challenges are bringing new opportunities, particularly in the area where technology and healthcare converge. Predictive analytics, home-based healthcare, remote health monitoring with mobile devices and applications, are some prominent areas. Som Mittal, former President and Chairman of NASSCOM, says, 'While access to all will be there as connectivity improves, how can we make healthcare affordable?' And for this, he comments that technology needs to be responsible, citing high margins that are charged for medical devices. Ms. Doshi adds that healthcare companies cannot survive on lower margins, unless the volumes justify those margins. Tie ups with NGOs she said, was one way to increase volumes and thereby bring down costs. Automation in healthcare industry will become more prevalent. She points out that augmented reality and artificial intelligence will further disrupt the healthcare industry. Read on...
Forbes:
The three key challenges faced by India's healthcare industry
Author:
Varsha Meghani
Mohammad Anas Wahaj | 31 jan 2017
Economists from Deloitte, Richa Gupta and Rishi Shah, explain the emerging risks that India's economy faces - (1) Protectionist Trade Polices: G20s in 2016 took restrictive trade measures. Such policies create uncertainties as they are meant to provide immediate stimulus and therefore tend to be more variable and less consistent. In addition India, large importer of oil, also get affected by OPEC cuts and hardening prices. (2) Global Growth Faltering: Global growth is expected to pick up in current fiscal on a premise of US stability and higher growth, stable China and rebound in some emerging economies. China's policy of expected Yuan devaluation would affect India as it would mean depreciation of the domestic currency to maintain competitiveness. (3) Brexit and its Implications: Uncertainties and possibility of 'Hard Brexit' will impact India due to linkages in financial markets as adverse events would cause some outflow of funds. (4) Effect of Demonetisation: Expected 7.1% growth for FY17 would further get affected due to demonitisation that resulted in consumer's inability and hesitancy to spend. This will lead to short-term vicious cycle of lower expected consumption feeding into lower investment expectation. (5) Disruption on GST: Disruptions would emerge as the numerous small businesses learn to adapt to not only a new taxation system but also to an incremental digital framework for compliance with the new regime. Read on...
The Economic Times:
Five risks that may hamper India's economic growth
Authors:
Richa Gupta, Rishi Shah
Mohammad Anas Wahaj | 04 jan 2017
Marc Faber, editor and publisher of 'The Gloom, Boom & Doom Report', while speaking on Indian economy, says, 'It does not matter whether India grows at 5% per annum or 7% per annum but if you look at the next 10 years or so, you could easily expect an economy that on an average grows anywhere between 4% and 7% per annum. That is a very high growth rate compared to practically no growth expected from the US or in Europe.' On sectors that would be attractive for investments, he comments, 'In 2017, some commodity related stocks including oil and gas will be reasonably attractive. What I have noticed to be the most attractive sectors are plantation companies, agricultural companies and fertiliser companies. They have significant potential on the upside because agricultural commodity prices have been very weak since 2011. These agricultural commodity prices will pace them out and start to increase. The agricultural sector, fertilisers are relatively attractive.' Read on...
The Economic Times:
Expect India to grow between 4%-7% in next 10 years: Marc Faber
Author:
Tanvir Gill
Mohammad Anas Wahaj | 23 dec 2016
According to the recent Capgemini and Altimeter study, India is the top innovation destination in Asia and second in the world for new innovation centers. 27% of Asia's new innovation centers are now in India and globally it has 1 in every ten new innovation centers. Cumulatively, India is ranked third with 25, while top two ranked are US (146) and UK (29). Within India, Bengaluru was the favorite destination with 3 out of 11 total that opened between Mar-Oct'16. The study defines 'Innovation Centers' as non-traditional in-house hubs built by enterprises to find new trends happening across the technology ecosystem through interactions with startups, entrepreneurs and others. Their main objectives are to accelerate digital innovation, rethink customer experience, improve operational efficiency and test new business models. Current priorities shared among innovation centers focus on digital technologies such as big data, internet-of-things (IoT), social media, mobile, robotics, augmented reality and 3D printing. Read on...
The Times of India:
India ranked No. 2 innovation destination in the world
Author:
Shalina Pillai
Mohammad Anas Wahaj | 22 nov 2016
Opinions on India's demonetization policy vary from masterstroke to hasty and unplanned, and a lot of uncertainty in between. Some experts consider it as a 'short-term pain to long-term gain' scenario. Report from CRISIL, a credit rating agency, analyzes the impact of demonetization policy on the overall economy, both now and beyond - (1) Government revenues to increase, as people deposit more cash in banks and government gets opportunity to tax. (2) Fiscal deficit to narrow in medium to long-term. (3) Public investments to rise as a result of higher tax collection. More spending in infrastructure is expected. (4) Economy to grow in medium to long-term, while there is expected fall in GDP in short-term. In future, government spending will generate employment and income. (5) Inflation to fall near-term but in long-term minimal impact. (6) Increase in liquidity in banking system, an opportunity for banks to profit through lending. (7) Keeps the interest rates lower in long-term due to government's lower fiscal deficit. (8) Demand for gold will fall in short-term due to cash crunch. But in long-term gold hoarding will increase leading more gold imports and higher import bill which means a larger Current Account Deficit (CAD). (9) Digital payments will increase, enhancing the trend toward cashless economy. (10) Sectors affected include real estate, jewellery and cement, as most transactions are in cash. Luxury auto sector will also get impacted. Organized retail sector will benefit due to digital transations. Read on...
Khaleej Times:
This is how demonetization affects the economy
Author:
NA
Mohammad Anas Wahaj | 03 nov 2016
There is always a difference of opinion when it comes to whether entrepreneurship is an inherent trait or it can be taught and learned. Both sides seem to have reasonable examples to justify their perspective. For those who value the concept of entreprenuership in business or are contemplating to tread entrepreneurial path, here are some good reads - (1) 'Stay Hungry, Stay Foolish' by Rashmi Bansal (2) 'Creativity Inc.' by Ed Catmull (3) 'Zero to None' by Blake Masters and Peter Thiel (4) 'Business Start Up 101' by Chris Gattis (5) 'The Four Hour Work Week' by Timothy Ferriss (6) 'How To Win Friends And Influence People' by Dale Carnegie (7) 'The Life and Business Lessons of Warren Buffett' by George Ilian (8) 'The Fountain Head' by Ayn Rand (9) 'Think and Grow Rich' by Napoleon Hill. Read on...
Entrepreneur:
9 Must Read Books on Entrepreneurship
Author:
Saumya Kaushik
Mohammad Anas Wahaj | 26 oct 2016
Design is critical for national and industrial competitiveness. Prof. Sanjay Dhande, former director of IIT-Kanpur and chief mentor of design-centered Avantika University, explains the value of design in India's competitiveness for manufacturing and service industries, analyzes the evolution of design education and suggests how India can further develop design education to impart skills and training, and nurture creative talent that keeps it at the cutting edge of innovation and design. He says, 'By incorporating design, which by and large shapes our ideas better is inherent in our every act. We design, we create experiences to make the life of individuals more comfortable, information readily available, work more efficient, spaces more convivial, and in turn making peoples' life more meaningful...The government of India has initiated a consultee approach with industry and designers to develop the broad contours for a combined vision towards a design enabled Indian industry.' National Institute of Design was first setup in 1961 by Government of India based on the report on design education developed by American industrial designer duo Charles Eames and his wife Ray Eames. Since then, to fulfil the demand of growing design professionals, number of institutes have come into existence over the years, giving rise to a thriving design ecosystem. But to maintain high quality of design education is an obvious challenge. According to Prof. Dhande, 'Though with a faster-changing world even the standards in design education are very high. And the question remains around how can we remove the loopholes and sustain a high-quality education from a conventional structure?...There is a growing need to eradicate the redundancies in the traditional course curriculum. A strategic streamlining of the education structure which offers practice exposure encourages focussed learning is much required.' He suggests continously evolving and innovation directed approach to design education, starting with admission process, practical learning, quest for right faculty, learning environment and a specialization focus. He concludes, 'Innovation is essential to be able to adapt to, for creating that difference in Indian design education to help students work better in unpredictable market conditions and intense global competition. Incremental improvements by themselves will not do and hence the listed points will help address improve the quality of design training in India.' Read on...
Your Story:
How to impart quality design education in India
Author:
Sanjay Dhande
Mohammad Anas Wahaj | 28 sep 2016
According to the conditions set forth in the CSR (Corporate Social Responsibility) Law in India, all companies with a net worth of Rs 500 crore or revenue of Rs 1000 cr or net profit of Rs 5 cr should spend 2% of last 3 years average profit on charity work. CSR management firm, NextGen, studied the annual reports of the top 100 firms by market capitalizations on NSE (National Stock Exchange) for 2014-15 & 91 firms for 2015-16. The total spend on CSR activities for 91 firms is Rs 6033 cr for FY16, while it was Rs 4760 cr by 100 companies in FY15. According to Abhishek Humbad, co-founder of NextGen, 'More and more companies are realizing that not meeting 2% makes them look bad, and for large companies, it can turn out be a reputational risk.' The energy sector accounted for nearly 26% of the total CSR spending. Reliance was the largest spender in FY16, using 2.3% of its profit (Rs 652 cr) on education, health and other social activities. Jagannatha Kumar at chairman's office of RIL says, 'The amount spent on each of the focus areas varies on an annual basis depending on the scope of work for the year.' In FY16 RIL spend on healthcare halved to Rs 314 cr while on education it increased to Rs 215 cr from Rs 18 cr in FY15. According to Parul Soni of Thinkthrough Consulting, a CSR consultancy, 'Manufacturing companies like automotive have been well poised to do CSR because they focus on communities around their plants and it helps build engagement with local communities. Also, many of them are working in skill development.' Some of the top causes that corporates spend on are healthcare, poverty eradication, education, skill development, rural development, and environment. Noshir Dadrawala, CEO of Centre for Advancement of Philanthropy, says, 'Skills have been trendy. These causes have seen an increase because many of the skilling initiatives instead of being classified as an education initiative is being put under providing employment and reducing poverty. Also when it comes to healthcare, conducting blood donation camps is a popular way of doing CSR as it is easy and effective.' Ravi Chellam, ED of Greenpeace, points out that environment is not a priority issue for most Indian corporates. He says, 'On environmental issues, companies seem to prefer to focus on either their own campuses or areas immediately surrounding their locations.' According to Loveleen Kacker, CEO of Tech Mahindra Foundation, '50% of all our CSR capital goes into empowering women and another 10% for the disabled. We believe that any development can happen in any of the areas - from nutrition to sanitation, only when women are empowered. And we feel only economic empowerment of women can bring about social empowerment.' The top geographical regions that were beneficiary of CSR funds for FY16 are Maharashtra, Tamil Nadu, Gujarat, Andhra Pradesh, Rajasthan and Karnataka. Vinod Kulkarni, head of CSR at Tata Motors Ltd, says, 'It is part of our policy to invest CSR funds in geographies in close proximity to our area of operation. It amplifies the outcomes and impact.' Arun Nagpal, co-founder of Mrida Group, comments, 'The reasons for firms to select geographies close to manufacturing plants or areas of work are valid but this leads to an imbalance in the division of CSR funding.' Read on...
Livemint:
Firms ramp up CSR focus on healthcare, poverty, hunger
Authors:
Arundhati Ramanathan, Moyna Manku
Mohammad Anas Wahaj | 21 sep 2016
According to McKinsey report, India's manufacturing sector will grow six-fold by 2025, to US$ 1 trillion, while creating up to 90 million domestic jobs. Dattatreya Gaur, VP and head of Businesss Unit at Robert Bosch Engineering & Business Solutions, explains the opportunities in India's manufacturing and it's evolution led by digital transformation and smart manufacturing. According to him, 'In manufacturing, the potential for cyber-physical systems to improve productivity in the production process and supply chain is vast; this is an opportunity...The main objective of Industry 4.0 is the task to convert this data into information and then into knowledge in real time, in order to make the process more productive, more flexible, to improve the quality and so on. It is a concept of intelligent value chain organisation where the man, machine and material are connected and talk to each other through enablers such as the cyber-physical systems and Internet of Things (IoT)...In the industry of the future, the product will become an information carrier and pilot its own way through the production process. Industry 4.0 is less of a revolution and more of an evolution.' Explaining Industry 4.0 in India's context, he says, 'Industry 4.0 is relevant for India; it is completely in concurrence to 'Make in India' campaign. The number of people using a smartphone in India is huge. This, for us, is a big opportunity. India is the third largest user base for internet and second largest for smartphones. India is also the IT hub. The huge number of software engineers plus the affinity of Indians towards mathematics and technology should provide the perfect recipe for Industry 4.0.' Read on...
The Financial Express:
Smart manufacturing in India
Author:
Dattatreya Gaur
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