Ayush GuptaHistory has constantly demonstrated the ability of strong brands to remain unscathed during periods of great depressions, and extreme market volatility. They decline less in value and recover faster! If you own or manage a strong brand, think about it yourself, this lesson was clear during the global financial crisis a decade ago and it will emerge even stronger now. Even with the current trends, Indian Economy is touted to grow to a $ 7 Trillion mark by 2030, with 50% of the growth coming from retail sector. This trend will be fueled by the rising middle class population of 1.2 billion citizens with sky high aspirations to improve quality of life. I anticipate the next decade to be full of action. When referring to a broad global equity index that represents large and mid-cap equity performance across 23 developed countries; it shows that during this pandemic the index fell by as much as 75% , however the equity of the top 10 brands of the world dropped only by 37% before … [Read more...] about Opinion: The next wave of growth will come from within. Make a Meaningful Difference!
"Assuming no significant resurgence of COVID-19 in China and new cases being dealt with in a more targeted manner as in Beijing, we expect domestic consumer demand to improve further in the second half of 2020," said Wang Tao, chief China economist at Swiss bank UBS. … [Read more...] about Major cities’ GDP growth in 1st half indicates resilience
millennials view life insurance? Where do they like to invest? Are they focused enough on saving? And last, where the industry per say is headed in the uncertainty of the new normal?ETCFO caught up with Satishwar Balakrishnan, CFO, and Principal Officer, Aegon Life Insurance to understand the behaviour of millennials towards the life insurance industry. He also threw a colour on the latest demand trends, and the online sales for the company. Aegon Life is a Mumbai-based insurance company. Below are the edited excerpts from the interaction. Q: Where the life insurance industry is headed in the new normal?Satishwar Balakrishnan: The pandemic is expected to stretch well into the business numbers of this financial year and is likely to impact the business plans.The Life Insurance industry should urgently adapt to this new reality and make significant inroads to address a formidable segment of customers through digital-only engagements. Traditionally Insurers have been trying to keep up … [Read more...] about Millennials preferring short-term investment options than longer duration products: Aegon Life CFO
At a recent meeting to analyze the economic situation and plan for the second half of the year, the top leadership said the country still faces uncertain situations and problems that are likely to exist in the medium to long run, and urged the country to accelerate the establishment of a "dual-cycle" development pattern. … [Read more...] about Foreign trade returns to a firm footing
The next stage of fiscal reforms will likely tackle revenue and expenditure misalignments between central and local governments, and may also involve finding new fiscal revenue sources in light of large cuts to taxes and fees in recent years, said Andrew Fennell, an analyst with Fitch Ratings. … [Read more...] about Fiscal goals including tax, fee cuts set to be met