IMA Analysis
Browse through IMA India’s extensive library of research-based papers, conclusions papers, monthly and quarterly updates, and opinion pieces on the macro-economy, politics and policy-making, geo-politics, and business strategy and operations
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India Brief - October 2021
Sunday November 21, 2021
Category: IMA Analysis, Economy & Politics, Indian economy & Politics,
In this interim period between Parliamentary sessions, the government has announced a series of important policy measures, including a PLI scheme for automobiles and auto components, a new digital health-identity programme and relief measures for telecom. -
India Inc: In Recovery Mode
Monday August 16, 2021
Category: IMA Analysis, Industry and Business, Business Performance,
Every three months, for over two decades, IMA has run its Business Confidence and Performance Index (BCPI) survey amongst senior managers. The headline index – a composite of expectations around the macro-economy, business performance and capex spends – is strongly correlated with the GDP data and therefore acts as a good lead indicator of growth. -
Vaccination Progress
Friday August 13, 2021
Category: IMA Analysis, Economy & Politics, Policy & Governance,
As India prepares for a potential third wave, the pace of its vaccination drive is raising concerns. Although massive in absolute terms – the half-billion mark is fast approaching – the percentage-of-population figures are less impressive. But there is also reason for hope. -
India Brief - July 2021
Monday August 9, 2021
Category: IMA Analysis, Economy & Politics, Indian economy & Politics,
As Covid’s second wave in India recedes, the government has made a much-needed course-correction to its vaccination policy and has announced a series of relief measures, built around credit guarantees, to help the worst-affected sectors. -
Developments in FinTech
Wednesday June 2, 2021
Category: IMA Analysis, Industry and Business, Sector updates, Business Performance,
India’s financial technology (FinTech) sector remains on a high growth trajectory despite the pandemic. Its high-velocity growth is likely to continue in the foreseeable future but the next round of growth will be more broad-based, going beyond the ‘payments’ space which has been the dominant category so far. -
C-SUITE SUCCESSION PLANNING
Thursday May 20, 2021
Category: IMA Analysis, Functional, Human Resources, Leadership,
The complex nature of change today demands that, rather than just identifying a handful of successors for top jobs or specific positions, businesses must build a leadership pipeline. This involves a shift from tactical replacement planning to an organisation-wide succession management (SM) system. -
Employer Branding - May 2021
Wednesday May 19, 2021
Category: IMA Analysis, Industry and Business, Business Performance, Functional, Leadership,
Employer branding has always been an important mandate for top companies, all the more so in a post-Covid world. According to a recent LinkedIn survey, 80% of hiring managers bank on a strong employer brand to hire key talent. -
India's Quarterly BCPI Q1FY22
Tuesday May 4, 2021
Category: IMA Analysis, Economy & Politics, Indian economy & Politics,
A few weeks ago, we ran the Q1 FY22 round of our quarterly Business Confidence and Performance Index (BCPI) survey. From a multi-year high of 73 in the January quarter, the BCPI headline index has fallen to a still-high 60.6 this quarter. -
Gender Gaps in Boards - April 2021
Monday April 5, 2021
Category: IMA Analysis, Functional, Leadership,
IMA recently published the 2020 edition of the Executive and Board Remuneration Report. Based on an extensive database of over 16,000 individual Directors of more than 1,800 companies, the report offers an exhaustive analysis of trends in pay and governance practices, with splits by multiple segmentation parameters. -
Board Pay vs Performance
Thursday March 18, 2021
Category: IMA Analysis, Functional, Benchmarking / Best Practices,
To what extent are Board members and top executives rewarded for their company’s performance? Conventional wisdom holds that junior and middle manager compensation is based mainly on how well they do individually or as a team. On the other hand, pay in the upper echelons is supposed to be driven more by organisational performance. -
Board Independence - March 2021
Wednesday March 17, 2021
Category: IMA Analysis, Industry and Business, Regulation, Functional, Leadership,
Following the enactment of regulations mandating the presence of Independent Directors on company Boards, companies have made considerable efforts to recruit such individuals. While this may have started as an exercise in compliance, it has evolved into a self-motivated effort to improve the quality and authority of Boards. -
Update - Directors' Compensation February 2021
Monday February 8, 2021
Category: IMA Analysis, Functional, Benchmarking / Best Practices,
Last week, we published the FY20 edition of our Executive and Board Remuneration Report, our annual analysis of Board compensation and governance. The report covered over 16,000 Directors on the Boards of more than 1800 companies. -
Employment Trends - October 2020
Thursday October 15, 2020
Category: IMA Analysis
Since 2018, the EPFO (Employee Provident Fund Organisation) has begun publishing monthly data on enrolments and dropouts from its scheme. This is the first and only source of payroll data in India that is based on ‘hard’ data, not survey-based estimations. -
Quandary of Conflicting Interests
Thursday June 25, 2020
Category: IMA Analysis, Economy & Politics, Geo-politics & National security,
The violent engagement between Indian and Chinese security forces at the Ladakh border has now crossed the levels of what can be passed off as a routine skirmish. -
Perpetual Bonds
Wednesday June 10, 2020
Category: IMA Analysis, Economy & Politics, Policy & Governance,
Perpetual Bonds, carry no tenor and are never repaid. This one feature sets them apart from the others in more ways than may be immediately apparent. At a time like this, they can be a valuable addition to the central bank’s arsenal. -
A Balance Sheet Crisis May 2020
Monday June 1, 2020
Category: IMA Analysis, Economy & Politics, Indian economy & Politics, World economy, Policy & Governance, Geo-politics & National security,
Any economy comprises of four actors and the strength of their balance sheets ultimately determines aggregate economic performance. However, in India’s case all four were under stress when Covid-19 hit, and the crisis has only exacerbated matters. -
Environment May 2020
Monday June 1, 2020
Category: IMA Analysis, Economy & Politics, Indian economy & Politics, World economy, Policy & Governance,
The lockdown, while unfortunate from many perspectives, has benefited the environment in ways never seen before. Whilst the current gains may turn out to be short-lived, they do point to the urgent need to rekindle a global political dialogue on sustainability. -
Border Tensions May 2020
Monday June 1, 2020
Category: IMA Analysis, Economy & Politics, Geo-politics & National security,
China’s recent move to station thousands of troops close to this border and, in fact, to transgress into Indian territory is therefore a worrisome development. Its aggression, and India’s response to it, will have both geo-security and economic implications -
Ratings Downgrade
Monday June 1, 2020
Category: IMA Analysis, Economy & Politics, Indian economy & Politics, Policy & Governance,
The muted reaction of the stock market to the recent ratings downgrade announced by Moody’s suggests that the move was largely expected. India’s fiscal and growth indicators have been worsening and with the additional burden of the stimulus package, some reaction from rating agencies was perhaps only to be expected -
China Supply Chain May 2020
Monday June 1, 2020
Category: IMA Analysis, Economy & Politics, World economy, Industry and Business, Business Performance,
China’s rise as the world’s manufacturing centre came at the expense of hundreds of thousands of local businesses across the world that were unable to compete with the terms of trade established by the Middle Kingdom. More recently, Governments have begun efforts to decouple their economies from China. -
The Life After
Saturday May 2, 2020
Category: IMA Analysis, Indian economy & Politics, World economy, Policy & Governance, Geo-politics & National security, Markets, Sector updates, Business Performance, Marketing, Human Resources, Finance, Leadership,
As the nation grapples with an extended lockdown, some aspects of the future business reality are becoming clearer. Certain changes in behaviour, operations, and indeed societal perceptions are here to stay. -
A Less Liberal World
Saturday May 2, 2020
Category: IMA Analysis, Economy & Politics, World economy,
The Covid-19 pandemic has hastened nationalism with many countries hunkering down to protect their own, promptly discarding their own ideals of a borderless world based on economic and social cohesion. -
Work Customs- April 2020
Saturday May 2, 2020
Category: IMA Analysis, Economy & Politics, Indian economy & Politics, World economy, Policy & Governance,
The current lockdown has abruptly ended this practice and replaced it with a virtual one. Human nature is already adapting. -
Badly Shaken May 2020
Saturday May 2, 2020
Category: IMA Analysis, Economy & Politics, Indian economy & Politics, World economy, Policy & Governance,
The Indian economy has been badly shaken and is precariously perched on a precipice. If suitable action is not taken quickly, it may well fall over and find it hard to recover. -
Index funds, the new game on Dalal Street
Monday December 30, 2019
Category: IMA Analysis, Functional, Finance,
Exchange-traded funds (ETFs) are currently in a minority in the Indian context. The glamour and aggressive marketing by actively-managed funds has ensured that most institutions and investors park their savings with them. -
Diversity at the Workplace : The Current State
Thursday December 19, 2019
Category: IMA Analysis, Functional, Benchmarking / Best Practices, Human Resources,
Progressive companies know that creating a diverse environment contributes to business results. In any event, millennial employees have strong views about working for companies that are inclusive. -
Swells like the Solway but Ebbs like its Tide
Monday December 16, 2019
Category: IMA Analysis, Functional, Finance, Economy & Politics, Markets,
The remarkable rise of the Bombay Stock Exchange’s Sensitive Share Index from 36,000 only a few weeks ago to a record level of 41,000 has foxed analysts and economists. -
Time to let go
Tuesday October 22, 2019
Category: IMA Analysis, Human Resources, Leadership,
Letting go of a high performer is a hard call to take and more so by the board of a company for its chief executive or for a top performer in a senior leadership role. -
Deficit Risks
Friday October 4, 2019
Category: IMA Analysis, Policy & Governance,
Most economic indicators are measured as a percentage of GDP, which makes it possible to properly compare them across countries and over time. -
Economy and Markets
Tuesday September 24, 2019
Category: IMA Analysis, Markets,
When the markets went into a tizzy following the presentation of the budget earlier in the year, Finance Minister Nirmala Sitharaman put up a brave face. She shrugged off the hullabaloo, gracefully clarifying that market movements do not disturb her calm. -
Finance Function Budget July 2019
Wednesday July 24, 2019
Category: IMA Analysis, Finance,
Finance can bolster organisational performance by strengthening monitoring and forecasting, risk management and ensuring transparency and control. -
The Credit Dilemma
Wednesday July 24, 2019
Category: IMA Analysis, Indian economy & Politics, Economy & Politics,
With their books now under close scrutiny, following the IL&FS default last year, NBFCs are unable to source funds and consequently to lend. -
Artificial Intelligence in Brand Strategy
Monday January 21, 2019
Category: IMA Analysis, Marketing,
The tools of artificial intelligence (AI) are evolving rapidly and, in several aspects, have begun to surpass humans. -
A Mixed Picture
Monday November 5, 2018
Category: IMA Analysis, Economy & Politics,
For now, world growth is strong, led by a resurgent America. However, the upward cycle may begin to turn with a host of risks starting to play out. -
The Employment Conundrum.
Wednesday October 24, 2018
Category: IMA Analysis, Economy & Politics,
In recent months, there has been considerable debate over the issues of 'jobless growth’ and ‘rising unemployment' which seem to originate -
Depression at Work
Wednesday October 24, 2018
Category: IMA Analysis, Human Resources,
Physical and emotional stress within the corporate workplace has become increasingly common. Although recognition of the phenomenon is growing the fact remains that employees often hesitate to report such symptoms for fear of attracting a negative stigma. -
Currency Turmoil
Friday August 31, 2018
Category: IMA Analysis, Markets,
Despite reasonably good macroeconomic conditions, India’s currency has declined by over 10% since the start of 2018. The reasons for this, as we have argued in recent briefings, stem largely from global considerations -
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India's Middle Class
Thursday February 8, 2018
Category: IMA Analysis, Economy & Politics,
Hard to Miss the Middle Class -
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Federal India: A Competitive Assessment of India’s States
Monday January 1, 2018
Category: IMA Analysis
The IMA study of state-level trends in income, consumption, investment, and employment reveals significant - and business-relevant - variations across India’s regions -
Uday: A Federalist Success Story
Tuesday December 19, 2017
Category: IMA Analysis, Sector updates,
Power distribution has been shoddily managed over the last 30 years in almost every state of the Indian Union and being a state subject there is little the central Government can do directly... -
Ratings Upgrade
Thursday November 23, 2017
Category: IMA Analysis, Policy & Governance,
A Fair Acknowledgment -
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Rise of the Dragon
Monday October 2, 2017
Category: IMA Analysis, Geo-politics & National security,
China -
Pointless Assertiveness
Wednesday August 2, 2017
Category: IMA Analysis, Geo-politics & National security,
China -
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The Reform Agenda: On Track?
Sunday July 23, 2017
Category: IMA Analysis, Policy & Governance,
Reforms -
Post Retirement
Tuesday July 11, 2017
Category: IMA Analysis, Leadership,
For those that have worked in the corporate world, retirement can come with challenges. Many look to remain involved in a professional capacity, while others engage in travel or photography. But perhaps the nicest thing to do is to give back to the society as this provides a unique sense of fulfilment. The remarkable story of Devendra Raj Mehta illustrates this like no other. -
The Road Ahead with GST
Thursday July 6, 2017
Category: IMA Analysis, Policy & Governance, Regulation,
The switchover to the GST on July 1 will be a crucial test for the administration. The new tax is expected to bring in substantial revenue benefits to the government, lower prices for consumers through the elimination of cascading taxes and provide a single market environment for industry. -
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Global Monetary Policy
Tuesday June 13, 2017
Category: IMA Analysis, World economy,
Keeping it slack -
State Finances
Wednesday June 7, 2017
Category: IMA Analysis, Economy & Politics,
A need for restraint -
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The Banking Regulation Ordinance
Thursday May 25, 2017
Category: IMA Analysis, Sector updates, Policy & Governance,
A difficult journey...will finally start -
CFO Forum Executive Briefings
Tuesday April 18, 2017
Category: IMA Analysis, Functional, Finance,
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Economic Recovery
Tuesday November 1, 2016
Category: IMA Analysis, Economy & Politics,
A recovery? It depends on who's asking -
Cheap Oil: Here To Stay?
Wednesday October 26, 2016
Category: IMA Analysis, World economy,
Oil Prices -
In Pursuit of Happiness At Work
Tuesday June 23, 2015
Category: IMA Analysis, Human Resources,
In conversation with NS Rajan, Member of the Group Executive Council and Group CHRO, Tata Sons, June 2015 at The India CHRO Forum in Mumbai -
Net Neutrality
Wednesday April 15, 2015
Category: IMA Analysis, Policy & Governance,
For consumers or investment, a hard choice -
The Business Confidence and Performance Survey: Q4 2015-16
Monday March 30, 2015
Category: IMA Analysis, Economy & Politics, Business Performance,
A summary of the results from IMA's January 2016 quarterly Business Confidence and Performance Index (BCPI) survey -
ISIS
Monday September 22, 2014
Category: IMA Analysis, Geo-politics & National security,
Islamic State - the rising threat
IMA Analysis
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