Economic Challenge

Despite troubles, salaries in India may increase by 10.3% in 2023: Survey

Salaries in India are expected to increase by 10.3 per cent in 2023, highest among major world economies and Asian peers, according to Aon plc. In 2022, salaries in India witnessed an actual increase of 10.6 per cent in 2022. As per Aon plc's 28th Annual Salary Increase Survey in India, double-digit salary growth will continue in India despite economic volatility, largely as a response to high attrition rates. At 21.4 per cent, the attrition rate in India for 2022 remained high a consequence of an ever-changing talent strategy and the ongoing gap between supply and demand of talent. "With back-to-back double-digit increments, India Inc continues to be bullish on talent despite fears of global macro-economic uncertainty. "Organisations are increasingly prioritizing their spends towards top performances, key talent and high potential talent," said Pritish Gandhi, Aon Director & India Practice Leader, Executive Compensation & Governance. The study, that analyzed data across ...

India-Australia interim trade deal kicks in today after eight-month wait

The implementation of the interim trade pact, also known as Economic Cooperation and Trade Agreement (ECTA) has the potential to double the bilateral trade between the two countries to $50 billion

LinkedIn CEO sees growth outside US, with India leading amid headwinds

India has become LinkedIn's fastest-growing market as more companies and advertisers come online, with sales in the country rising at a 50% year-on-year clip, Roslansky told Bloomberg TV

PM kicks off Rozgar Mela, says India making effort to deal with challenges

Prime Minister Narendra Modi launched the "Rozgar Mela" on Saturday to recruit 10 lakh people and underscored his government's efforts to create jobs in the last eight years amid the opposition's constant criticism of it on the issue of unemployment. In his address after more than 75,000 people were given appointment letters for various government jobs in the first tranche, Modi acknowledged the challenges facing the economy the world over with many countries hit by a record inflation and unemployment and said India is making every effort to come out of the situation unscathed. "It is a fact that the global scenario is not very good. Several large economies are struggling. In many countries, problems such as inflation and unemployment are at their peak," he said. No one thinks that the side-effects of the once-in-a-century COVID-19 pandemic will go away in 100 days, the prime minister said, adding that the crisis is grave and global, causing adverse effects all around. "Despite thi

Kalyan Jewellers sees 20% revenue growth in Sept qtr despite challenges

Jewellery retailer Kalyan Jewellers on Friday said it has registered a consolidated revenue growth of 20 per cent during the second quarter of FY23 despite various economic challenges triggered by the geopolitical situation. "We recorded consolidated revenue growth of approximately 20 per cent in Q2 FY23 as compared to the same period in the previous financial year, and approximately 50 per cent in H1 FY23, compared to the same period in the previous financial year," Kalyan Jewellers said in a statement. While the recently concluded quarter saw heightened levels of competitive intensity across various markets resulting in a lower gross margin than it was seen previously, the company continued to see robust operating momentum in its India business, driven by shift in demand towards branded retail chains, the company said. "As previously disclosed, we have developed a strategy and execution roadmap for our newly created franchise store initiative, and had opened our first franchised .

AIIB's Erik Berglof on ongoing economic turmoil and more

In an interview with Business Standard's Asit Ranjan Mishra, AIIB chief economist Erik Berglof talks about the economic turmoil and how the bank played a key role in bringing India and China closer.

Need to restructure debts to be able to pay it back: Sri Lankan Bank Gov

Sri Lanka won't be able to pay back its debts until it restructures them, Central Bank governor P Nandalal Weerasinghe said as he called for the early appointment fo restructuring process.

Elections 2022: Economic challenges for new governments in UP and Punjab

Voters in five states threw a surprise by giving a clear verdict in assembly elections 2022. Both UP and Punjab -- the largest states of the lot -- have their own set of economic challenges to be deal

TMS Ep126: Economic challenges of UP & Punjab, DK Joshi, markets, CSR

What are the economic challenges awaiting UP and Punjab? Why is CRISIL's DK Joshi still optimistic about GDP growth in FY13? What BJP's election win means for markets? What is CSR? All answers here

India's economic challenges amid soaring crude oil price

Russia has threatened to shut its gas pipeline to Germany and warned of crude price at $300 a barrel. Back home, the signs of economic distress are imminent. What are the challenges ahead of India?

What is at stake for India as Russia invades Ukraine?

As Russian troops stormed into Ukrainian, the Indian govt is scrambling all resources to evacuate its citizens from the country. The war will also have economic consequences. Find out what's at stake

US President Joe Biden's economic challenge: Finding workers and goods

The index of consumer sentiment tracked by the University of Michigan is 12.5% lower than a year ago

Budget 2020: Demand can be revived with more money in taxpayer's hands

Business Standard speaks to Tarun Birani, a Sebi-registered Investment Advisor, a Certified Financial Planner and Founder-Director of TBNG Capital Advisors

Budget 2020: How will the FM tackle the economic challenge before India?

A K Bhattacharya answers questions about Budget 2020

There is economic slowdown, but no signs of recession: FM Sitharaman

The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year

Slow US economy, challenges in BFSI sector may drag IT firms in FY21

Slower growth in US economy, challenges in financial services sector may result in lower client spend

Top five economic challenges the next government must tackle after May 23

Arresting an economic slowdown and nursing the nation's financial sector back to health will be the immediate priorities for the next administration

India's biggest challenge: So many young people, so few good jobs

Policies to promote better jobs for the country's huge under-35 population may hold the key to the country's economic development