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Importance of Chemical Industry in India and its Global Potential

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Chemical Industry is a diversified sector, which covers around 80,000 commercial products.  The industry is classified into three segments such as basic chemicals, specialty chemicals, and Agrochemicals.  The chemical industry in India projected to reach $304 billion in 2025.  Total production of chemicals and petrochemicals was at 47,882,000 MT in 2017-18, 2.62% increase over 2016-17.  This industry employs more than 2million people.  The chemical industry in India is the largest consumer of Read more [...]
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Growth of Banking Sector India – Contribution of Public Sector and Private Sector Banks in Economy

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The Banking Sector in India has undergone a paradigm shift from traditional banking to digital banking over the past decades. In spite of the global economic turn down, the India’s Banks are sufficiently capitalized to resilient the macro-economic risks.  Today there are 19 Public sectors banks are there in India including State Bank of India.  In addition to that there are 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks operating in Read more [...]
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What is a Business plan? What are the Types of Business Plans and its Contents?

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Business plan is a document that serves as a road map to give direction to any business enterprise.  Generally, it is a formal written document containing business goals, methods to achieve such goals.  It also includes the time frame within which these goals need to be achieved with proper definition of short term and long term goals.  It describes the nature of the business, background information of the organization, financial projections, and the strategies it intends to implement to achieve Read more [...]
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Enterprise resource planning (ERP) – Advantages and Disadvantages. How the Cloud based ERPs Change the Market Dynamics Now?

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Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business.  Further, it automates many back office functions related to technology, services and human resources. Typical ERP software integrates all facets of operations including product planning, development, manufacturing and sales and marketing in a single database, application and user interface.  Mostly, ERP application needs dedicated Read more [...]
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CLOUD COMPUTING AND SOFTWARE-AS-A-SERVICE (SAAS) – IMPORTANCE OF CUSTOMER RETENTION IN SAAS BUSINESS MODEL

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Cloud computing is generally defined as delivering on-demand computing services over the internet on basis of a pay-per-plan.  In today’s business environment, cloud computing is used to create new applications, host websites, backups and restore data among others. Cloud computing Services can be categorized into three categories as illustrated below: Software-as-a-Service (SaaS) SaaS uses the web to deliver applications that are managed by a third-party vendor to deliver services Read more [...]
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ARTIFICIAL INTELLIGENCE MARKET LANDSCAPE; KEY PLAYERS AND USE CASES AND AI GROWTH

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Artificial intelligence is generally defined as a branch of computer science which helps in creation and development of intelligence machines with the ability to work as humans. According to market research reports , the types of Artificial intelligence can be classified as Weak AI, Strong AI, Artificial general intelligence and Super intelligence. FACTORS CONTRIBUTING RECENT DEVELOPMENT AND INCREASING USE OF AI Growth in Data Accumulation: Due to increasing connectivity of large number of Read more [...]
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DEMONETIZATION – THE VERDICT AFTER ONE YEAR / DEMONETIZATION AND IMPACT ON INDIAN ECONOMY

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Demonetization is defined as seizure of some units of currency or closure of certain legal tender circulating in the economy.  On November 8th last year, the Government of India demonetized INR 1,000 and INR 500 notes – two highest valued currencies.  The primary objectives were to reduce the flow of black money in the economy, and bring all economic transactions into the open system, make India less reliant on cash economy. Economists from left as well as right wings have expressed their Read more [...]
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Growing Chocolate Market India – Industry to Watch in the Coming Years

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The Chocolate industry has witnessed tremendous growth in the past several years in Indian market.  According to overall market research, it will continue to grow in healthy rate in next few years to come.  The chocolate market size was estimated to be $1,677.14 million (INR 11,256 cores) in 2016.  Mondelez India, Nestle India, and Ferrero are the top in the chart with more than 67% of the overall market share.  The other international brands like Mars are growing slowly.  However, Mondelez Read more [...]
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Effects of GDP Change in the Lives of Common Man and GDP and its Impact in the Economy of a Country

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Gross Domestic Product, commonly known as GDP, is the estimated value of goods and services produced in a particular time frame (may be quarterly or yearly) for a country or region.  GDP has great impact on nearly everyone within an economic system. GDP components are includes Private Consumption, Investment, Government Expenditure and Net Exports.  GDP forecasts are generally used by economists, researchers, financial analysts, market intelligence firms, VC firms, and government office.  There Read more [...]
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Marketing Strategies of Kinder Joy – An Event to Watch in the Chocolate Industry

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Ferrero India has made rapid in roads in the Indian chocolate market with premium range of products.  The products launched by this confectionery giant include Kinder Joy, Tic Tac, Ferro Rocher, Nutella and Kinder Scho- Bons Crispy. The corporate milestone is illustrated below- Ferrero Kinder joy chocolate is one the most popular brand in the character confectionery segment aiming to boost sales in the Indian market.  The USP of the product is combination combining chocolate, a surprise, Read more [...]