Jayesh Shah of Shree Naman Group, Kamal K. Singh of Rolta India, Sudhakar Ram of Mastek, Rajiv Rattan of RattanIndia Group, Nikhil Nanda of Escort Limited & Suresh Chukkapalli of Phoenix Group of Companies are in the race for the coveted title of “Indian Affairs Innovative Business Leader of the year 2018” at ILC Power Brand Awards 2018
India would remain the fastest growing country across Asia & economy standing on a robust growth are attributed to the success stories of indian business leaders across the sectors. Indian business leaders have shown remarkable progress in their respective business & have made strong imprints both in national & international sectors. India Leadership Conclave 2018 brings out top six finalists who made it to the top category of “Indian Affairs Innovative Business Leader of the year 2018” at the 9th Annual India Leadership Conclave & Indian Affairs Business Leadership Awards 2018 to be hosted at the commercial city of india in Mumbai at Hotel Sahara Star on 6th July 2018. Here are the final six nominees.
Indian Affairs Innovative Business Leader of the year 2018
1.Mr. Jayesh Shah,Chairman,Shree Naman Group
2.Mr.Kamal K. Singh,CMD, Rolta India Ltd
3.Mr.Sudhakar Ram,Vice Chairman and MD, Mastek Ltd
4.Mr.Rajiv Rattan,Chairman, RattanIndia Group
5.Mr. Nikhil Nanda,Managing Director,Escorts Limited.
6.Mr.Suresh Chukkapalli, Chairman, Phoenix Group of Companies
Indian Business 2018 Overview
India is expected to be the fastest growing economy in Asia and will reverse two years of declining growth to clock 7.3 per cent rise in GDP in the current fiscal and further accelerate to 7.6 per cent in FY20, the Asian Development Bank said in its forecast for the region.
The dip in growth to 6.6 per cent in FY17 was in part due to the lingering effects of demonetisation that impacted the informal sector in the first half of FY17 and teething issues related to implementation of the goods and services tax (GST), the ADB said in the latest Asian Development Outlook (ADO) 2018 report. It expects various reforms measures to lift growth.
According to India’s official estimates, the economy picked up pace to 7.2 per cent in October-December 2017 quarter from 6.5 per cent in July-September quarter and 5.7 per cent in April-June quarter. For the entire FY18, the economy is expected to grow 6.6 per cent .
The Reserve Bank of India expects 7.4 per cent growth in FY19. The global economy is stabilising with favourable global trade and financial conditions. Domestically, GST promises to deliver positive outcomes as India becomes a single, more competitive market. We can look forward to an upward growth path for India in FY 2018-19. India’s current account deficit (CAD) stood at US$ 13.5 billion accounting for 2% of GDP in the third quarter (Oct-Dec) of 2017-18, higher than US$ 8 billion (1.4% of GDP) during third quarter of 2016-17 and US$ 7.2 billion (1.1% of GDP) in the preceding quarter. The widening of CAD on a year-on-year basis was the result of the increased trade deficit which stood at US$ 44.1 billion during the period.