As we enter the new decade, fears around the spread of the Covid-19, the new strand of coronavirus, have dampened investor sentiment around the world. The emergence of the coronavirus adds another source of concern to the trade policy uncertainty and geopolitical tensions that continue to weigh on the global economy.
Non-banking financial companies face a liquidity crunch; private investment has waned and consumption remains subdued. Falling global demand and rising protectionism have also constrained growth. How can the world’s fifth-largest economy emerge from this situation stronger, and in better shape?
India’s digital demography over the next ten years could become one of the central themes of the Media & Entertainment industry. KPMG in India’s flagship report on the industry, in its 11th year now, explores how this theme may develop in the near term.
The number of companies going beyond the 2 per cent mandate is increasing. Even companies who are not statutorily required to do so have been allocating budgets for CSR and spending. And the overall governance indicators around CSR have shown a steady improvement over the last 5 years. KPMG India’s CSR Reporting Survey 2019, now in its fifth year, provides insights into the CSR policy and reporting of the 100 largest listed Indian origin companies by market capitalisation (N100).
The government is better than some private companies at planning, budgeting, and forecasting. Indeed, corporations need to raise the bar on these processes to drive efficiencies and more.