The nationwide lock-down to prevent the spread of Covid-19 has led to an unexpected fallout – mass exodus of people from urban centers to their home town. The gravity of the situation this time is greater as the movement may lead to entry of the deadly virus into the rural community. While it is common knowledge that most of these people come to cities in search of jobs, exactly how significant is the number. Here is a brief look. Continue reading The Mass Exodus – Understanding the Characteristics
COVID-19 continues to wreak havoc across the globe with a ferocity that shows no sign of abatement. Over 6 lakh cases of novel Coronavirus and over 27,000 deaths have been reported as on 28th March as per Worldometer.info. This is the worst pandemic since the 1968 influenza which lasted about six months and caused deaths of 1-4 million people as per WHO. From that perspective, we could still be some months away from the end of this pandemic even as the advancement of medical science has helped reduced the fatality rate. Continue reading Covid-19 – The Fight Continues…
Public sector enterprises (PSEs) invariably face criticism as loss making behemoth and for their inefficiency. While there are PSEs which have sunk significant amount of public money, there are also a large number of PSEs which are running very efficiently. These PSEs are making substantial profits even after meeting number of government mandated norms. Here … Continue reading Public Sector Enterprises – An Overview
The disruption in China’s exports and in turn, global supply chain, as a result of COVID-19 calls for a re-orientation of global supply chains entailing China plus One strategy. As a matter of fact, the rapid spread of the pandemic from China to rest of the world got aggravated due to over-dependence of global economy on China. This opens a door for nation such as India to push itself as a reliable alternative. Here is a look at how China succeeded and what India needs to do based on the recent Economic Survey. Continue reading Enhancing India’s Exports – Devising A Strategy…
MSME sector has been receiving attention from the government and regulators because of its contribution to GDP and employment generation. However, an issue not recognized is – are these jobs for real or they are another form of disguised unemployment. Here is a brief look at the same. MSME (Micro, Small and Medium Enterprises) sector … Continue reading MSME Sector – Generating Employment or Disguising Unemployment?
The face of Corporate India has changed dramatically in the last 30 years since the economic liberalization began. Liberalization exposed the then established firms to competition, changing corporate mindset of taking markets for granted. Failure to adept to these changes led to what the Economic Survey has called ‘creative destruction’. Here is a look at … Continue reading Corporate India – The ‘Creative Destruction’ since Liberalization.
Coronavirus has emerged as classic ‘black swan’ event or ‘unknown-unknown’ risk deliberated upon quite extensively in the risk management fora. The rapid spread across other countries has made it even more serious even as it appears to be getting under control in the country of its origin. Other than the loss of thousands of lives, … Continue reading Coronavirus – Tracking the Economic Impact
The suspension of the board of Yes Bank and appointment of an administrator was almost like a bolt from the blue; but in retrospect, had been coming for quite some time now. The bank had seen a series of defaults in its advances and was unable to raise funds to make up for this. Here … Continue reading Yes Bank – Diagnosis of A Failure
The sharp increase in funds allocation to FCI (Food Corporation of India), as projected in the recent Budget, points to a serious deficiency in its operations, indeed, entire food distribution system. Total gap in FCI’s expenditure and receipt is projected to reach Rs 2.5 lakh crore in FY21. More worryingly, there is no solution in sight considering the sharp increase in the liability on the government as a result of National Food Security Act (NFSA). A high-level committee (HLC) was formed in Aug’14 to suggest ways to restructure FCI. Here is a look at some of the inefficiencies of FCI and ways to handle it as recommended by HLC. Continue reading Food Corporation of India – The Elephant in the Room
Automobile sector continues to be in the throes of a slowdown quite unprecedented in terms of its magnitude. While aggregate sales data for Feb’20 is not yet available, individual company data shows decline of as much as 40%. Even though part of the decline is due to impending transition to BS-VI, there are deeper reasons … Continue reading Automobile Industry – Challenges Abound…