- Culture an important catalyst for strong corporate governance, finds Grant Thornton-CII survey
- Indian Tech companies continue to grow fast despite the Brexit uncertainty
- India Inc. continues to be the most optimistic about rise in exports; displays confidence in employment expectations
- India Inc. most optimistic about rise in exports; cautious business optimism as economic uncertainty spikes
- PE investments in India in 2018 matched the record-breaking levels reached in 2017
- Grant Thornton wins the best Sports Consulting Firm at Assocham’s Sports Excellence awards 2019
- The education sector in India must be re-aligned to create a talent pool to embrace Industry 4.0, says Grant Thornton-PHDCCI report
- UK is front runner as largest western investor in India – CBI/Grant Thornton
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.
Striving towards excellence in the sports advisory space, Grant Thornton in India wins the Best Sports Services Consulting Firm at Assocham’s Sports Excellence awards 2019 during their “National Summit & Awards on Sports Business: Infrastructure, Investment and Merchandising” held in New Delhi today.
2018 saw PE/VC investments worth $20.5 billion, the same as in 2017, across 786 transactions. According to the seventh edition of Grant Thornton’s The Fourth Wheel 2019 report, the volumes were driven by tech-enabled start-ups, e-commerce and information technology (IT)/IT enabled service (ITeS).
India Inc. most optimistic about rise in exports; cautious business optimism as economic uncertainty spikes
According to the latest results of Grant Thornton’s International Business Report (IBR), India has emerged as the most optimistic nation for export expectations despite the increasing economic uncertainty all around. This is a significant jump from Q4 2017 where the country ranked 18th on this parameter and only 18% respondents vouched for an increase in exports as compared to 54% in H2 2018.
The United Kingdom has strengthened its investments in India to become the largest single western investor, while British companies have created over 422,000 jobs in India since the turn of the century, according to the CBI and Grant Thornton India’s Sterling Assets: Britain Meets India report.
The education sector in India must be re-aligned to create a talent pool to embrace Industry 4.0, says Grant Thornton-PHDCCI report
While India holds a competitive advantage in leveraging Industry 4.0 to disrupt the manufacturing sector, the country needs to revisit the standard of education at school and college levels and re-align it to the growing needs of today’s technology-driven times, suggests a Grant Thornton-PHD Chamber of Commerce and Industry report titled Industry 4.0: Transforming the manufacturing landscape released at the Industry 4.0 Global Summit organised by PHD Chamber of Commerce and Industry today.