State of the Economy 2018

Spring back

In today’s age when the industry is looking to AI and IoT for answers, our institutions are unable to keep up with the skill requirements

FY18 was feared to be a difficult year for business because of the anticipated disruption caused by GST. But as it turns out, we are closing the financial year on a relatively upbeat mood. After two years of tepid growth, the economy seems to be bouncing back. And that is what our ground reporting from 12 industrial clusters, across the country bears out. Small businessmen across several sectors are looking at FY19 with a sense of cautious optimism. This optimism stems from demand revival seen over the past quarter, while caution comes from rising input costs and other operational challenges. Rising raw material and labour costs are increasingly becoming a pressing issue for small businesses.