Latest news with #Sanyal
India.com
21 hours ago
- Business
- India.com
Indians are backbone of Rs 24200000000000 industry, dominate McKinsey, BCG, Big Four, still why is there no ‘Make in India' brand, reveals top economist…
Indians are dominating many industries including the consulting industry in the world. Still the actual share of India in industry like consulting is very less. Economist Sanjeev Sanyal has highlighted a major difference within the Indian consulting industry. We have seen Indian talent dominating the global consulting market, India's contribution is around $1.09 billion. Sanyal highlighted what is preventing Indian firms from growth. No 'Make In India' Consulting Brand The global consulting industry is valued at around $280 billion (around Rs 24.2 lakh crore), and it has many Indian professionals. Still, India has not been able to establish even a single major 'Make in India' consulting brand. This contradiction was discussed by Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council. Thousands of Indian consultants play important roles in strategy and operations at global firms like McKinsey, BCG, and the Big Four, India's own share is only $1.09 billion. Sanyal stated that Indian talent is dominant across the global consulting sector, but Indian professionals are not running equivalent firms of their professionals are the backbone of this Rs 24.2 lakh crore global industry, yet no Indian consulting brand has left a strong mark internationally. Why Are There No Top Indian Brands? Indians have skills and best human resources still it has fallen short in building strong domestic brands with global visibility. Sanyal highlighted major barriers that prevent Indian firms from becoming global players. These include: Biased tender criteria Lack of recognition for prior experience Segregation between different professional domains Branding restrictions Missed global opportunities One hurdle is the high revenue threshold (Rs 500 crore or more) set for government and private sector contracts. This disqualifies newer or emerging Indian consulting firms from competing for major projects, giving established global players who already meet these thresholds an unfair advantage. As a result, Indian firms miss out on critical experience and credibility-building opportunities.
NDTV
2 days ago
- Business
- NDTV
"Need To Relook At Our History": Economist As PM Offers Prayers At Iconic Cholapuram Temple
New Delhi: Prime Minister Narendra Modi's visit to the Gangaikonda Cholapuram Shiva temple, has put the spotlight on the Chola empire, especially on the time of Rajendra Chola, who stood tall when northern India was under Muslim rule. This, however, was not an area or a period that gets much attention -- the study of history being "Delhi-centric", said economist and historian Sanjeev Sanyal, pointing to the big takeaway from the Prime Minister's visit. "We need to begin to relook at our history and think about our great ancestors as a vigorous people," said Mr Sanyal, explaining that the popular conception of Indians as a passive people who are thankful to invaders -- from Muslim to British -- for bringing in technology, culture and cuisine. Our ancestors, he said, "built great temples, they built entire new cities when necessary". "This is a much more vigorous view of ourselves than, you know, we are waiting for somebody to conquer us and give us the railways," said Mr Sanyal, who is also the Principal Economic Advisor to the government. "These were vigorous, risk-taking people, happy to go to war with each other sometimes or with foreign invaders. But the point is, this were not a passive people. And instead, the only person in our history of our, you know, pre-Islamic history that we celebrate is Ashoka. And the only reason we celebrate him is because he was passive, because the empire collapsed under him," he added. He said he was "glad the Cholas are being celebrated," but they were not the only people who had left their mark on the history of southeast Asia. "Even Tamil Nadu itself has many others. The Pandyas, the Cheras, which are from next door in Kerala, the Pallavas, and then the Gajapatis and all the kings of Kalinga, who also had these great maritime linkages to Southeast Asia. The western coast of India has amazing history of links with the Roman Empire and so on," he said. Even in the north, there was more than what gets most attention. "Whether you have the Ahoms of Assam or the Pal dynasty and the Sen-s of Bengal or the Kadambas of Goa or the Chalukyas of Maharashtra and the Rashtrakutas, we all have amazing histories for every part of the country. But somehow we are obsessed with this Delhi-centric view that, you know, we should all be grateful to the Mughals for biryani," he added. The Cholapuram temple, a UNESCO World Heritage site built around 1030 by Rajendra Chola, stands as evidence of the affluence of the of the empire under him. It was built around two decades after the Tanjore temple and in the same style. The Prime Minister's visit comes ahead of next year's assembly election in Tamil Nadu, where the BJP is trying hard to carve out a niche.
Time of India
18-07-2025
- Business
- Time of India
India growth outlook: Economy in good shape, but faster growth needs infra push and trade deals, says Sanjeev Sanyal
India's economy is performing well but needs continued investment in infrastructure, trade agreements coming through, and ease of doing business to accelerate growth, Sanjeev Sanyal, a member of the Prime Minister's Economic Advisory Council, said on Friday. 'So we are in good shape, but can we grow faster? Yes, but for that, we will need to first put in place things like free trade agreements. We will have to keep investing in our own infrastructure and ease of doing business, so it's not like growth somehow naturally happens,' Sanyal told ANI. He emphasised that sustained effort is needed to navigate the global economic environment and achieve growth of more than 7-8 per cent annually. 'It requires effort, and we are putting in that effort, and the idea is that as and when we settle into the new environment, we can take full advantage of this and grow at more than 7-8 per cent. I mean there's no reason we shouldn't aspire to grow at 8 per cent every year,' he said. On trade, PM-EAC member Sanyal highlighted that India is actively engaging with new markets to build resilience amid turbulent global conditions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo 'Old order is breaking down and there will be a period of turbulence, but as you have noticed, we have navigated this reasonably well… We are signing free trade agreements with a large number of countries. We already have some with countries like Japan, Australia, the UAE, the UK, and so on,' he said. Talks are in advanced stages with the European Union and the United States, he added, noting that India is proactively positioning itself for long-term economic security and growth. 'Our purpose is to provide as much of a cushion to our domestic economy so that we can keep growing,' he said. Earlier in May, Sanyal had attributed India's 6–7 per cent growth to process reforms that don't always make headlines but significantly enhance productivity. Speaking in Bengaluru at a seminar titled 'Reforms: Way To Vikasit Bharath,' he said hundreds of micro-level improvements were quietly driving results. 'These are not reforms that you hear about in the headlines or in newspapers; unless you happen to be from that little sector, you probably don't know anything about it. And yet it is the accumulation of these hundreds of small reforms,' he said, as quoted ANI. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
India Today
11-07-2025
- Climate
- India Today
Deadly flood in Nepal was triggered by Tibetan glacial lake outburst
The deadly flood in Nepal's Bhote Koshi River that killed at least nine people and left more than two dozen missing this week was triggered by the draining of a supraglacial lake in the Tibet region, a regional climate monitoring body said on least 19 people, including six Chinese workers at the Beijing-aided Inland Container Depot, remain missing in Nepal after Tuesday's floods that also washed away the 'Friendship Bridge' that links Nepal and official Xinhua news agency has said 11 people were unaccounted for on the Chinese side of the mountainous border region. The Kathmandu-based International Centre for Integrated Mountain Development (ICIMOD) said satellite imagery showed the flood originated from the draining of the lake north of Nepal's Langtang Himal range. A general view shows a landslide-affected area, following heavy rains in Lalitpur district on the outskirts of Kathmandu. (Photo: AFP) "This is based on the preliminary analysis based on the available satellite images," Sudan Maharjan, a remote sensing analyst and expert of glaciers at ICIMOD, told Reuters.A supraglacial lake is formed on the surface of glaciers, particularly in debris-covered areas. It often begins as small meltwater ponds that gradually expand and sometimes merge to form a larger supraglacial lake, experts Sanyal, another ICIMOD official, said such events were increasing at an "unprecedented" pace in the Hindu Kush mountains that are spread across Afghanistan, Bangladesh, Bhutan, China, India, Myanmar, Nepal and Pakistan."We need to delve deeper into the triggers that are resulting in cascading impacts," Sanyal June-September monsoon causes massive floods and landslides in mountainous Nepal which, officials and experts say, is vulnerable to effects of climate change like extreme weather patterns, inconsistent rainfall, flash floods, landslides and glacial lake outburst year's early monsoon rains have inflicted deadly damage elsewhere in Nepal where at least 38 people have been killed or are missing since May 29, according to data from the government's National Disaster Relief, Reduction and Management Authority.- Ends
Economic Times
01-07-2025
- Business
- Economic Times
‘Even Pakistan is younger': Sanjeev Sanyal warns of India's aging cities, says it's time to move past family planning
Economist Sanjeev Sanyal warns that India's population trends indicate a long-term decline, with fertility rates falling below replacement levels in many regions. He highlights the aging population, potential labor shortages in the South, and the challenges of reversing this demographic shift. Sanyal emphasizes that India is not the youngest country and needs to address these issues proactively. Tired of too many ads? Remove Ads Urban homes empty, cultural identities under strain India not the youngest country anymore Fertility rates dropping across India Tired of too many ads? Remove Ads Urban crowding linked to poor management, not population growth Decline hard to reverse, long recovery cycle North-South imbalance could trigger migration tensions Northern regions also showing strain India's population trends are already showing signs of long-term decline, with regions like Kerala witnessing empty homes and West Bengal's urban Bengali Bhadralok community shrinking both in numbers and presence. Economist Sanjeev Sanyal , a member of the Prime Minister's Economic Advisory Council , has warned that India is not as young as widely believed and is already seeing the impact of falling fertility and increasing migration. He noted that even Pakistan is younger than a conversation with historian Hindol Sengupta on a podcast, Sanyal said, 'If you just go through major towns in Kerala — take Thrissur, for example. Thrissur is the financial and intellectual capital of Kerala. Now you go there — there are beautiful bungalows, a lot of them belonging to wealthy families, particularly Syrian Christian families and others as well. Now irrespective of which community they are from, they have lovely bungalows. All of them live in Dubai or Abu Dhabi or now their children have moved to the West. At best, those bungalows have a few aging grandparents. Now after this, they're going to be just empty.'He made a similar point about West Bengal's urban elite. 'At this rate, the Bengali Bhadralok will go extinct. Because if you combine this birth rate and out-migration from Kolkata to other states and other parts of the world, the Bengali Bhadralok will go extinct. These are statistical points, it's not even an opinion,' he challenged the widely held perception that India is the youngest country. 'We keep fooling ourselves saying - 'We are the youngest country in the world'. First of all, we are not the youngest country in the world,' he said. 'There are countries in Africa, there is Pakistan, there is Philippines - which is younger than us. Secondly, even though we are younger than the West or East Asia, we too are aging and we need to begin to think in those terms.'Sanyal said that India's overall fertility rate has fallen to 1.9 children per woman. 'The only reason it is at 1.9 and not lower is because of UP and Bihar,' he said. 'Large parts of southern India but also other parts of India, say for example the state of West Bengal, are now somewhere in the 1.6 range. Urban Bengal is 1.2.'On the perception of India's overcrowded cities, Sanyal said this was due to poor planning rather than high population. 'First of all, please separate your urban management problem from the demographic problem. We have this impression that our cities are overcrowded. No, they are badly managed,' he cited the example of Mumbai's southern suburbs. 'In just the last 10 years, the traffic situation in southern Mumbai has improved. Has this been because of out-movement of people? No. In fact, there are more high-rises in Worli today which you can see from the sea-link than there were 20 years ago. But the traffic has improved. Why? Because you have better infrastructure. So the problem is infrastructure building, it is not a crowding problem.'Sanyal pointed out that once the fertility rate falls below replacement level, recovery is slow. 'Let's say China today — it's already gotten rid of the one-child policy. Once society changes and you have a generation who's born up without having siblings, the social structure that keeps a higher birth rate simply goes away,' he said.'In China, their birth rates kept falling. And even if they succeed in reversing this, the benefits will not show up for another 25 years.'Sanyal said states in southern India may face labour shortages. 'You'll have parts of the country, for example - the South, which will have huge shortages of people. Now either they give up on growing, or they decide to import people. When people are imported, where do they come from? The places where they have more children — which is UP and Bihar. Then you will complain about language, culture, all kinds of things.'Even parts of North India are beginning to see the effects. 'In Himachal, one major problem is you don't have enough children. You have a large number of schools that do not have a minimum quantum of children to keep those schools running,' Sanyal concluded, 'Reproductively speaking, we are no longer reproducing ourselves. The number of children peaked 10 to 15 years ago. So this is an obvious point and I am amazed that I have to debate it.'
