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Grant Thornton Bharat sustainability report 2023-24
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Thought leadership Co-lending in India: Expanding credit access for MSMEsIn today’s rapidly evolving financial landscape, co-lending has emerged as a key enabler of credit expansion in India, facilitating partnerships between banks and non-banking financial companies (NBFCs) to extend credit more efficiently to underserved segments. -
Article Why India’s financial inclusion journey needs to focus on equity and access to creditFinancial services have expanded over a decade, giving millions access to bank accounts and digital payments. But true empowerment needs to reach every corner of the country if growth is to be long-term and sustained -
Thought Leadership Competitive and sustainable agriculture & food processing in KeralaThe economy of Kerala is primarily driven by the services sector, which contributes 66% to the Gross State Domestic Product (GSDP). -
Article Economic Survey 2024-25: Deregulation, investment and innovation for a Viksit BharatIndia's economic growth remains for a steady trajectory with real GDP expected to grow at 6.4% in FY25 and in the range of 6.3%-6.8% in FY26, reflecting resilience despite global uncertainties.
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COVID-19: Leading the road to recovery for Indian IT & ITeS sector
29 May 2020In light of the COVID-19 crisis, most organisations have invoked their business continuity plans (BCPs) across the globe. Business activity has either come to a standstill or slowed down significantly as countries have imposed lockdowns, travel restrictions and social distancing norms.
Indian IT & ITeS industry, accounting for 8% of India’s GDP, has also been impacted due to lockdown in key global as well as domestic markets. Major IT & ITeS export markets such as the US and UK have been worst-hit by the global pandemic.
Impact areas and areas of focus for technology
sector executives
- Client service delivery and contracts as major markets continue to be in lockdown
- Managing working capital, cash runway and cost optimisation
- Employee productivity and enterprise security during work from home
Opportunities and way forward for India’s IT & ITeS industry “Y2020 Moment”
Some of the strategic priorities of the industry could focus on:
- Accelerate reskilling needs for future of work agenda
- Driving digital transformation
- Consolidation and M&A opportunities
The report also includes insights from a recent survey conducted by Grant Thornton, which reveals that majority of mid-sized and large companies anticipate mild impact on existing business in terms of contract renegotiation. However, in comparison, a considerable portion of small companies expect moderate impact with more than 30% and up to 50% contract renegotiation.
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