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Growing transitional cost and lack of policy transparency key constraints for EV adoption in India: Grant Thornton-CII report

25 May 2018

High cost of Electric Vehicle (EV) battery, lack of a ubiquitous charging infrastructure and policy transparency are the key constraints plaguing the electric mobility landscape in India, finds Grant Thornton CII report: Mobility through transition - Disruption and impact. The report was launched at the CII Next-Gen eMobility Summit in Delhi today. The report further suggests that the government needs to focus on importing lithium as sourcing this critical metal continues to be the key hurdle in EV adoption in India.

Business sentiment in India weakest since 2014

08 May 2018

While entering the last year of the current regime, the business optimism in India has deteriorated with the country ranking 6th globally on the optimism index in the first quarter of 2018, says Grant Thornton’s International Business Report (IBR), a quarterly global business survey. India has been topping the chart since the new government came into power in 2014 (refer to the graph). However, the confidence has shaken since Q3 2017 with weakening currency and a surge in oil prices (Q3 – 7th, Q4 -5th 2017). In contrast, globally, the business optimism is at an all-time high. The IBR finds that in Q1 2018, global business optimism stands at net 61 per cent - the highest figure recorded in 15 years of research.

India’s ranking improves in gender diversity with 20% women in leadership positions, finds Grant Thornton report

08 Mar 2018

While India still ranks fifth lowest in having women in leadership roles, the percentage of leadership roles held by women in India has increased as per Grant Thornton’s Women in business: Beyond policy to progress report. The report shows a steady growth in women in leadership positions from 17 per cent last year to 20 per cent in 2018. This stood at 14 per cent in 2014. Further, the report highlights that 30 per cent of the respondents in India said they have no women in leadership roles.

PE investments touch an all-time high in 2017, finds Grant Thornton’s Fourth Wheel report

07 Mar 2018

For private equity (PE) investments in India, the year 2017 was a milestone clocking USD 21 bn, the highest yearly value, across 735 transactions. According to the sixth edition of Grant Thornton’s The Fourth Wheel 2018 report, the year recorded a 54 per cent jump in values over 2016, despite a 24 per cent decline in volumes. This indicates significant jump in average deal sizes.

Grant Thornton FICCI survey says 45% developers have no formal process in place to manage compliance mechanism of RERA

20 Feb 2018

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.

The impact of GST on the restaurant industry is largely positive, finds Grant Thornton report

14 Feb 2018

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

07 Feb 2018

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.

Business optimism in Asia Pacific has hit a two-year high

26 Dec 2017

Grant Thornton’s new Asia Pacific report - Asia Pacific: trading and thriving reflects a buoyant mood across much of the region, as business optimism hits a two-year high. This is largely driven by improvements from its two biggest economies, China and Japan, and region-wide positivity on prospects for increased trade. However, not all trajectories are heading upwards. India’s optimism mostly remains positive at 75 per cent but has dropped to its lowest level in four years.

Food grain demand is expected to reach 355 million tonnes in 2030 and farm mechanisation will be instrumental in meeting this demand, says Grant Thornton and FICCI report

07 Dec 2017

Food grain demand in India is expected to reach 355 million tonnes in 2030 as compared to 250 million tonnes in 2016 and the enhancement of farm mechanisation market will play a key role in meeting this demand, says a Knowledge Paper by Grant Thornton and FICCI – “Mechanisation: Key to higher productivity to double farmers’ income” launched today at EIMA Agrimach India 2017. The knowledge paper further states that the farm equipment market in India is currently estimated at USD 8.8 billion in 2017 and it is expected to reach USD 12.5 billion by 2022 with a CAGR of 7.5 per cent.

Establishing the charging infrastructure is a significant challenge in adoption of Electric Vehicles in India: Grant Thornton-CII report

22 Nov 2017

While India has pledged to have an “all-electric car production effective 2030”, the lack of charging infrastructure is one of the prime concerns for the Government of India (GoI) to achieve this milestone, finds Grant Thornton CII report - Sustainable NextGen Automotive Technologies - Imperative India released at the CII Conference today. India lags behind in the availability of charging infrastructure with 353 charging stations only spread across the country. Large number of these charging stations have been set up by the manufacturers of Electric Vehicles (EV).