A majority of small and medium enterprises in a survey by Capterra India, expressed preference for more government funding initiatives to support the digitalization process. Cyber-security issues, integrating new technology with existing technology and lack of expertise to implement digitalization have been highlighted as major barriers to digitalization. Image Source:...
Digitalization has positively impacted the various aspects of businesses and benefitted organizations with increased efficiency, improved customer satisfaction, more profits, more employee satisfaction, and enhanced cyber security. The crucial role of digitalization in driving business growth is evident from the insights gathered through a survey of SMEs by Capterra India....
India needs to enhance its competitiveness in intermediate goods exports through the implementation of reforms in taxation, enhancing ease of trade and investments in skilling of the workforce. In global trade, intermediate goods have a share of 52.8% in total exports and 55.6% in total imports of merchandise. India’s exports...
Dr Sunitha Raju, Professor at Indian Institute of Foreign trade feels that the upcoming Foreign Trade Policy should address structural constraints of India’s huge informal sector. Also, it should prepare exporters for quantum shifts in the global trade environment towards sustainable development goals, rising non-tariff measures as well as technologies...
H. E. Federico Salas Lotfe, Hon’ble Ambassador of Mexico to India, discusses ongoing efforts to improve Indo-Mexican ties and the growing interest of the Mexican companies in the Indian market. He also welcomes Indian companies to invest in Mexico to take advantage of the mutual affinity and the huge market...
Ashutosh Sharma, VP & Research Director, Forrester, feels that the COVID-19 pandemic has challenged the assumptions of IT leaders around the resilience and scalability of their infrastructure. This has led to businesses adopting cloud computing for a variety of reasons. IBT: How has COVID-19 impacted the adoption rate of cloud...
Prof D. Tripati Rao, IIM Lucknow opines that India needs to swiftly move from fiscal “Band-Aids” to counter-cyclical fiscal boosters to prevent the economy slipping into a stagflationary spiral with a permanent loss of potential GDP. IBT: India’s GDP decline in the June quarter by 23.9% has been worse than projections....
Dr. Sunitha Raju, Indian Institute of Foreign Trade, argues that viewing Aatma Nirbhar Bharat from the perspective of import substitution is wrong and potentially dangerous. Instead, India should have a holistic approach towards attracting FDI in its areas of strength, develop skill sets to capture new emerging opportunities and also...
Prof Jeevant Rampal, IIM Ahmedabad, supports the argument that after safety has been ensured to the extent possible by improving health facilities rapidly, India can bounce back economically using expansionary fiscal measures financed by higher fiscal deficits. IBT: Post-lockdown, India is seeing some positive trajectory in numbers pertaining to unemployment...
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