EY Report

It is difficult to maintain corporate integrity for 78 per cent professionals in India, compared to 60 per cent in emerging markets, amidst volatile market conditions, an EY report said on Tuesday. The EY report comprises the views of over 2,750 board members, managers, and employees from 34 emerging markets which includes 100 professionals surveyed across India. "Organisations continue to remain vulnerable in volatile market conditions, with 78 per cent of respondents in India admitting that it is challenging to maintain their standards of integrity in periods of rapid change or difficult market conditions," the report said. According to the survey, entities in India have faced more action from regulators compared to other emerging markets covered in the survey. "Amidst shifts in regulatory expectations and economic stress, 60 per cent of respondents from India said that regulators have taken action against their organisation for breaching integrity standards or regulations, compa

Fintech-facilitated lending will grow by $476 billion to reach $514.6 billion in book size by 2030

The survey raises concern over the rising cost of goods and services that is impacting people's ability to purchase goods and is affecting their purchasing decisions

Categories like consumer goods, travel, entertainment, automobiles and white goods are all expected to see increased and faster recovery of demand from non-metro markets post the lockdowns

There will be several changes to existing working norms and guidelines that organisations will need to abide by in order to ensure safety at the workplace, says the report

Raising the growth rate to 9 per cent in FY21 would require uplifting the investment rate to close to 38 per cent of GDP as against 31.3 per cent in FY19, it said

Digital media grew by 42 per cent in 2018, valued at $2.4 billion, it said noting that Indians spent 30 per cent of their phone time on entertainment

India has moved up to the second spot from third position in this year's 'Renewable energy country attractiveness index' released by EY. This is primarily due to a combination of strong government support and increasingly attractive economics, EY said in a statement. According to the statement, India continued its upward trend in the index to second position with the government's programme to build 175 GW in renewable energy generation by 2022 and to have renewable energy account for 40 per cent of installed capacity by 2040. The country has added more than 10GW of solar capacity in the last three years - starting from a low base of 2.6 GW in 2014, it said. "In the medium term, as renewable energy penetration rates increase, the government will have to turn its attention to the ability of India's grid to manage intermittent renewables, especially around the evening peak, when solar availability falls away," Somesh Kumar, Partner & Leader, Power & Utilities, EY India, said .