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India Inc cheers continuity at the Centre, but rues fragility

Indian industry leaders express confidence in the economy s resilience despite the NDA-BJP government s unexpected outcome without an absolute majority. They anticipate policy continuity but caution about potential hurdles due to a stronger opposition and diverse political ideologies. The focus may shift to consumption, welfare schemes, and rural sectors. Stability is crucial for reforms, but the BJP s shortfall could complicate passing contentious reforms. However, the economy s growth agenda is expected to continue, with an emphasis on inclusivity and job creation.

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Amid shortage, India Inc wants vaccines and clarity from govt: Cos urge industry bodies to seek jabs

Amid shortage, India Inc wants vaccines and clarity from govt: Cos urge industry bodies to seek jabs SECTIONS Amid shortage, India Inc wants vaccines and clarity from govt: Cos urge industry bodies to seek jabsBy Share Synopsis Many corporates anxious to inoculate workers in frontline roles, who typically tend to be below 45 years old, have paused plans until supply eases, top officials said. It is estimated that large corporates and micro, small & medium enterprises (MSMEs) may together require 10-12 million doses. Reuters As of May 8, ministry of health data showed 11.9 million vaccine doses available in the country. Uttar Pradesh has the highest number of doses at 1.2 million, followed by Gujarat at 1 million and Maharashtra at 800,000 doses.

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Concerned about Covid wave, but better prepared than last year: Companies

Concerned about Covid wave, but better prepared than last year: Companies
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Job creation, lower taxes, fiscal stimulus, fast-track reforms: Consumer companies Budget demand

Job creation, lower taxes, fiscal stimulus, fast-track reforms: Consumer companies Budget demand SECTIONS Share Synopsis “Government will have to work on course correction, fiscal and relief measures to boost discretionary spending and put more money in the hands of consumers to stimulate subdued demand,” said Arvind Mediratta, managing director at retail chain Metro Cash & Carry. Reuters While the FMCG sector has been growing in double digits in channels such as e-commerce and rural markets, demand in urban India, which has seen consumers downtrading, has remained subdued. New Delhi | Kolkata: Chief executives at large consumer-facing companies said easing constraints on disposable incomes with fiscal measures, job creation, lower taxes, fast-tracking production-linked incentive (PLI), ease of doing business and protecting MSMEs should be the focus of the government in the upcoming budget to spur demand in the pandemic-hit economy.

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