Hope And Revival In The Wind
“Success is not final; failure is not fatal: It is the courage to continue that counts.” — Winston S. Churchill
The year 2019 presented a number of challenges in the global economic landscape. Uncertainty over Brexit, trade wars between the US and China, and the declining health of the automotive industry added to the gloom. In India, businesses are still trying to recover from the aftershocks of GST and demonetisation. Further, the slowdown across key sectors has only intensified the sluggishness. Economists expect GDP growth to reach 6.3 per cent in 2020. While 2020 does look like a better year for the economy, a cautious approach on part of governments/ states will be needed to ensure steady growth.
Technology will continue to reshape our lives in a manner not seen before, however, social and environment concerns will be front and centre throughout 2020. Our BW Businessworld reporters have analysed various sectors, highlighting challenges and growth areas - What to Expect in 2020. This is supplemented with columns by eminent names from the industry. In addition, the second cover on Srei Infrastructure Finance looks at three decades of infrastructure leasing dominated by the Kanoria group.
The highlight of this issue is the BW Real 500 ranking. The BW Real 500 list is one of India’s most comprehensive rankings of successful businesses. It takes into account assets created by companies and the income they generated on such assets. Asset creation is the solid backbone of any economy. Over the past few years, the focus of the authorities has been on asset creation, which drives jobs and economic growth.
The BW Real 500 ranking this year exhibits that some companies have shown a considerable improvement in the key balance sheet and profit and loss parameters. In size and scale, the top 50 companies in the current BW Real 500 list account for more than roughly 64 per cent of the total assets and income of all 500 companies.
Indian companies are focusing on increasing growth rates and putting their assets to best use. Going by the present indicators, the BW Real 500 list is only set to grow and swell.
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