The real estate sector reflects the market pulse of consumer and business sentiments in India. It is the second largest employment generator, and hence this sector is highly important for the overall economic performance and achievement of social objectives. For nearly a decade, the Rea Estate sector has been going through a major churn out due to slow down after overheating, problems of quality and fragmentation, and then a regulatory overhaul that witnessed many landmark reforms executed to Read more [...]
It is important for all enterprises to secure competitive advantages in the market to succeed in their venture. Thus, to be an active player in the market, each enterprise needs to focus on monitoring the external environment and securing competitive intelligence.
The external environment refers to the factors contributing outside the control of an enterprise that can impact its success. Analyzing and understanding the external environment is vital to identify its threats and opportunities. Read more [...]
The pharmaceutical industry in India is the world’s 3rd largest by volume and 14th largest in terms of value. India is one of the largest suppliers of low-cost vaccines in the world. Because of the low price and high quality, Indian medicines are preferred worldwide, thereby rightly making the country the “Pharmacy of the World”. India’s pharmaceutical sector forms a major component of the country’s foreign trade, with attractive avenues and opportunities for investors. The country Read more [...]
After demonetization, the Indian government is pushing for digital and Unified Payments Interface (UPI) payments to achieve the much-needed digitization in financial transactions and accountability. The transaction through UPI generates payment track and it helps tax authorities to track transactions for all monitoring purposes including taxation. This is much needed to reduce the influence of cash in the economic system which helps economic planners to take the right decision.
UPI is a mobile Read more [...]
The launch of the new Agnipath scheme has ignited the flame of controversy about the selection and recruitment process of the Indian armed forces. Does short-term recruitment affect the effectiveness of the armed forces? Do these short-term recruits have the same kind of motivation and determination as to their counterparts? Are we the first ones to come up with this kind of recruitment model?
Conscription is a term connected with such short-term recruitment for military service. Conscription Read more [...]
Unified Payments Interface (UPI) is a mobile app-based payment system that brings multiple bank accounts to one platform. It results in an effortless funds transfer experience which is quite unique in the industry. UPI combines various banking services, smooth fund routing, plus merchant payments into a single mobile application (of any participating bank). It also handles "Peer Peer" collection requests, which can be scheduled and paid according to need and convenience.
UPI was introduced in Read more [...]
Digital payment or electronic payment is a transfer of funds from one account to another through a digital device. No physical exchange of money is involved in digital payment. Digital payment is completed with the help of a mobile phone, POS (Point of Sale), or computer, and a digital channel of communication. In digital payment, both parties use electronic mediums to exchange money. Payments made via bank transfers, mobile money, and payment cards, including credit, debit, and prepaid cards, Read more [...]
The foreign currency reserve is a metric to judge a nation's economic well-being. Any drop in foreign currency reserve indicates the falling ability of a country to pay for its critical imports.
Countries utilize their foreign currency reserves to maintain a fixed exchange rate for their currencies. China is an excellent example since its currency, the yuan, is pegged to the dollar. When China accumulates dollars, it increases the dollar's value relative to the yuan. This reduces the cost of Read more [...]
Cryptocurrencies have lately been the most popular asset to be exchanged throughout the exchanges. The asset has garnered attention despite its ambiguity and volatility. The key reason is its independence from the physical world, which makes the asset resistant to any political, economic, or environmental changes in the international community. Of course, security and profit are also the major components that enable the growth of Bitcoins. The maturation of the asset has attracted institutional investors, Read more [...]
As the words Unicorn and Decacorn catch up in the global startup industry, there is a momentum in similar manner in India. As of April 2021, there are 600 unicorn companies worldwide, and India contributed around 4.9% in the unicorn segment. However, the country is yet to open account with Decacorn.
According to NASSCOM, the trade association of Indian IT BPM industry, India added 12 unicorns in 2020, bringing the total Unicorn to 39, making it the third largest in the world. Startups raised approximately Read more [...]