Grant Thornton FICCI survey says 45% developers have no formal process in place to manage compliance mechanism of RERA
As per the latest RERA survey by Grant Thornton in India and industry body, FICCI, 45 per cent of the real estate developers have no formal process in place to manage compliance mechanism of RERA and about 44 per cent have made some modifications to their MIS (Management Information System). The survey report also reveals that majority of the board/senior management (78 per cent) are using common methods like excel based MIS reporting to review RERA compliance.
Business owners from restaurant industry in Mumbai and Bengaluru believe that the impact of Goods & Services Tax (GST) is largely positive. According to a report by Grant Thornton in India - Bon Appétit – Emerging trends, opportunities and challenges in Indian restaurant industry, 70 per cent of the restaurant owners believe GST is a positive decision for the industry. The report further highlights that 68 per cent businesses believe that GST will ease compliance as it is backed by technology.
India needs to improve exports to become a preferred manufacturing destination for auto components, says Grant Thornton ACMA report
The Automobile Mission Plan (AMP) 2026 policy aims to develop India as a preferred destination for manufacturing auto components and improving exports will play a major role in achieving this target. According to Grant Thornton ACMA report - Making Indian auto component industry future-ready, the auto component industry will have to take significant measures and steps to convert from being an export deficit industry to an export surplus industry.