Union Budget 2021–22: a financial plan to spur growth
By Elias George, Partner and Head – Infrastructure, Government and Healthcare Advisory, KPMG in India
(5 min read)
The Union Budget for 2021–22 has attempted to strike a fine balance between the need to maintain fiscal rectitude and to infuse renewed pump-priming vigour into the economy. The focus now needs to shift to timely and efficient execution of the announced programmes, as well as to provide sustenance and enable livelihoods.
Onward and upward: redefining India’s growth trajectory post COVID-19
By Mohit Bhasin, Partner and Head – Economic Development Advisory, KPMG in India
(3 min read)
The pandemic damaged all strategic sectors of growth and led to disturbed demands. However, the Indian economy is in recovery mode and likely to bounce back to a real gross domestic product (GDP) growth of 11 per cent during 2021–22 after an estimated 7.7 per cent contraction in the current fiscal year. A combination of policy reforms, initiatives and digitisation should continue to propel the Indian economy on to a higher growth trajectory.
Business transformation: a key imperative for the ‘new normal’
By K. G. Purushothaman, Partner Advisory, Sector Head - Telecom, KPMG in India and Sonica Bajaj, Director Advisory, KPMG in India
(3 min read)
While most organisations have survived and even emerged stronger from the COVID-19 experience, no one can deny the presence of a ‘new reality’ with uncertain recovery, changing consumer preferences, digital pervasiveness, loaded balance sheets and emerging hybrid virtual working models. With changing market dynamics, companies need to focus on a few levers for a more sustainable future.
The Indian start-up ecosystem: promises to keep
By Amarjeet Singh, Partner & Head of Emerging Giants Practice, KPMG in India
(4 min read)
While the Indian economy shrank dramatically in 2020, businesses with a strong digital fulfilment model – supported by digital payments – saw their consumer base expand both in terms of numbers and profile. Within the startup ecosystem, a large number of businesses struggled, however, digitally enabled startups witnessed remarkable growth. Certain proactive measures would be critical to help further growth of the startup ecosystem.
With growing interest: a perspective on the Indian banking and NBFC industry post-pandemic
By Sanjay Doshi, Partner and Head - Financial Services Advisory, KPMG in India
(4 min read)
Banking and NBFC industry is once again at an inflexion point given the potential transformational, operational and stakeholder changes influenced by certain drivers. There’s a need for financial institutions to assess and evaluate their current business model and take a strategic call on their commercial and operational framework in anticipation of newer ways of doing business coupled with changes in market and competition landscape.