Demonstrating that culture is no more a softer aspect of corporate governance, a survey report by Grant Thornton-CII titled ‘Corporate governance practices review 2019’ finds that 93% of the businesses surveyed have identified culture as an important catalyst for implementing strong corporate governance. Further acknowledging the role of corporate governance in driving growth, 95% of the respondents affirm that good corporate governance practices help organisations achieve better operational and financial results. The report was launched at CII’s 10th India Finance Forum in Chennai today.
India Inc. continues to be the most optimistic about rise in exports; displays confidence in employment expectations
India has recently been surrounded with economic uncertainties due to the depreciating Indian rupee against the US dollar and the impending results of the general elections. Despite these uncertainties, India continues to have the highest export expectations with 65% of the respondents voting for an increase in exports in H1 2019, says Grant Thornton’s International Business Report (IBR). However, India continues to rank 3rd in citing economic uncertainty as a constraint for growth.
Brexit uncertainty has not dampened the appetite of Indian businesses investing in the UK. As per the latest annual India meets Britain Tracker published by Grant Thornton UK LLP in association with the Confederation of Indian Industry (CII), there is a significant increase in the contribution of Indian companies to the UK economy over the last year and technology and telecom companies continue to dominate the index for the fastest growing Indian companies in the UK.