STRATEGY WALL THE STRATEGY AND CONSULTING CLUB OF IIM ROHTAK CONTINUED DEMAND FOR SUSTAINABILITY MAKING INDIA A $5 TRILLION ECONOMY BY 2024. IS IT CHASING A MIRAGE OR AN ACHIEVABLE TARGET?
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"Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat." -Sun Tzu
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CONTINUED DEMAND FOR SUSTAINABILITY
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MAKING INDIA A $5 TRILLION ECONOMY BY 2024. IS IT CHASING A MIRAGE OR AN ACHIEVABLE TARGET?
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THE RAGING “BEAR”: ONGOING ARGENTINA CRISIS
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GREEN MARKETING IS THE NEW BLACK
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PREDICTIVE ANALYTICS - A GENIE OF THE DIGITAL ERA
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MANAGEMENT IN LAW: CAN INDIA’S JUDICIARY SYSTEM BE IMPROVED?
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CONTINUED DEMAND FOR SUSTAINABILITY - Sanjana Jose Varghese (IIM Lucknow) The business of business is no longer to do just business or increase the bottom line to maximize shareholder value. Rather, the concept of business is moving towards a new dimension of sustainable business, the triple bottom line. People, planet, and profits are the core ideologies that are rooted in sustainable business. Sustainability is taken into account when companies want to create long - term value creation along with strategies that promote the longevity of the company. As corporate accountability rises, expectations and need for transparency among stakeholders increases therefore companies have started to recognize the need to be sustainable to stay alert and alive. Business globalization that has happened over the previous few decades has made some companies more powerful than some national governments, making it easy for them to exploit inexpensive labor, plunder natural resources, causing severe impacts through pollution on the natural environment, human health, and biodiversity. Unfortunately for them, their horrible past has been catching up with them like in the case of child labor issues of IKEA & Nike, Rana Plaza accident in Bangladesh affecting Zara, H&M and other clothing brands, environment pollution by BP, Shell, Exxon Mobil etc.
With the emergence of internet and social media these practices can no longer be covered up and silenced, the world has become more educated and less tolerant and therefore with every misdemeanor that is committed brand equity takes a hit. The media is fast picking up on cover-ups, halftruths, and bad corporate behavior and demanding accountability and transparency from corporates. Therefore to survive, companies are compelled to adopt sustainability and bring forth the rules for their suppliers as well.
Many of the irresponsible company practices and disasters that are witnessed in that last couple of decades were motivated solely by short-termism - the desire for instant gratification and the appeal of short term performance incentives. For instance, deferred maintenance and slack leadership were to blame for the 1984 leaks from the
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pesticide plant Union Carbide India Ltd in Bhopal. Estimates placed more than half a million casualties from the gas discharge of the plant. Finally, Union Carbide Corporation's 1989 litigation payout came out to today’s equivalent of nearly one billion US dollars. Another example where the company was forced to shut down operations was Coca Cola at its Plachimada plant in Kerala. The local communities faced acute water shortage after the commissioning of the plant and the company authorities blatantly ignored the community woes. These businesses stated above didn’t respect stakeholder engagement which ultimately lead to their untimely demise. Today’s issues cannot be solved without participation from all stakeholders, and companies with influence should be the torchbearers of change. They need to engage with regulators, communities, societies, suppliers, and NGOs for effective and desired outcomes. Issues where engagement are required include population growth; global middle-class growth; decline in ecosystems; water scarcity; food safety; material resource security; higher global energy demand; changes in geographic patterns of energy consumption; and increasing climate change regulatory interventions. By actively pursuing the triple bottom line, the essential possibilities available are: ● save expenses by reducing environmental effects; ● motivate employees and decreased employee turnover;
● decrease risk through engaging with stakeholders; ● create a reputation by improving environmental effectiveness; In order for companies to commit to sustainability they should have the belowobjectives in place: ❖ Strategy alignment and sustainability: Management should ensure alignment between the company's strategy and its sustainability initiatives. Sometimes, there is divergence between the two concepts making sustainability attempts to look fragile and lacking real dedication and prioritization. For example, Toyota is well known for hybrid engine development, but less so for decreasing its reliance on rare earth minerals. Toyota decreased its dependence on imports and operational risk, thus reducing its economic hazards in the event of price rises. ❖ Compliance first, then competitive advantage: Compliance must be addressed first and foremost by businesses, which often involves laws on waste management, pollution, and energy efficiency as well as human rights and labor accountability. Recent reports show that investors are shying away from compliance hazards progressively. ❖ Reactive to proactive: As a result of a crisis, many of today's leading sustainability businesses such as Nike, Coca-Cola, Telenor, IKEA, Siemens, and Nestlé have stepped up mainly. For instance, in locations like Indonesia throughout the 90s, Nike confronted boycotts and government anger for abusive labor practices but turned the tide around. It became a pioneer in the establishment of transparency in 2005 by
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releasing a full list of the factories with which it contracts and a comprehensive 108 page report revealing conditions and payment in its factories. It also recognized huge problems,especially in its factories in South Asia. These businesses have all created more proactive sustainability approaches by acknowledging the effect of sustainability in a crisis. ❖ Quantify, including the company situation: all businesses are struggling to quantify their sustainability investment returns. This is a straightforward problem with respect to compliance. ❖ Transparency is a precondition for assessing and enhancing sustainability practices. The only way for companies to achieve transparency is through open communication with all key stakeholders based on high levels of information disclosure, clarity, and accuracy as well as an openness to recognize faults and improve practices.
Sustainability - triple bottom line - can drive a company’s achievement beyond shareholder value creation by building corporate shared value at its core and help in addressing social & environmental problems. Several investors today use ESG metrics to evaluate the ethical effect and sustainability practices of an organization. Investors are looking at variables like the carbon footprint of a company, water use, community development efforts, and diversity board before investing. Companies have started responding to investors by publishing their annual sustainability reports. Research indicates that businesses with elevated ESG scores have reduced debt and equity costs and that sustainability projects can contribute to improving economic efficiency while encouraging government assistance. It’s only a matter of time, the flow of sustainability nourishes businesses in achieving holistic development for the environment, people and its profits.
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Making India a $5 Trillion Economy by 2024. Is it chasing a mirage or an achievable target? - Soumya Kushwaha (IIM Ahmedabad) With a size of $2.7 trillion, India stands as the sixth largest economy in the world today. On June 6, 2019, the government formulated the Cabinet Committee on Investment and Growth and the Cabinet Committee on Employment & Skill Development, both chaired by the Prime Minister, to set India on a fast-track growth to becoming a $5 tn economy by 2024 and $10 tn economy by 2032. But let’s just pause here and ask this question- given the latest developments in global economic conditions, is this ambition achievable in the set time-frame? Economic growth has slowed down every quarter since the onset of 2018-19, followed by a check in growth estimates by the RBI, ADB and IMF. Real estate and EPC sectors have taken a hit, car sales have dropped for nine months in a row- all this with tumultuous financing sector in the backdrop (IL&FS and DHFL crises). In the last quarter, the economy grew at slower than 6%- which might even be unreliable, given the former top economist’s claim that the data is flawed and GDP numbers inflated. With a current size of $2.7 tn, there is a need of 12% GDP growth to become a $5 tn economy by 2024. Refer to exhibit 1 for details. Energy and petroleum sectors are considered vital in ensuring Indian economy’s robust growth. With this realisation, government has taken initiatives
such as the new Hydrocarbon Exploration and Licensing Policy (HELP). The Prime Minister appealed to the States to play an active role right from the district (root) levels in raising GDP and per capita income by leveraging their core competence. He called for a joint effort by the Centre and the States to achieve short-term and longterm objectives for the country together. To emphasize this point, he highlighted the success of mutual efforts in the form of Swachh Bharat Abhiyan and Pradhan Mantri Awaas Yojana. He specifically urged the north eastern states to explore their untapped potential for improving India’s exports. Niti Aayog chief, Amitabh Kant also pointed out the importance of contributions by the States in making India a $5 tn economy. For a first, he wrote letters to the village chiefs with a request of conserving rainwater to fight an effective battle against water crisis in rural India. The budget focused on constructing infrastructure for all sectors - highways, railways, waterways, airways, digital infrastructure in rural areas etc. by keeping aside a budget of Rs. 100 lakh crores. A recent move by the Finance Minister guised as the festive bonanza gave a spurt to the economy. Much awaited reduction in the corporate tax rate from 30% to 22% is expected to prove a significant relief to the non-manufacturing as well as the manufacturing companies. It was welcomed with open arms by the stock market with 4
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SENSEX (BSE Index) shooting up by 1075 points. To boost fresh investments in the manufacturing sector, tax rate has been reduced from 25% to 15%, conditionally. These moves are expected to make Indian economy more competitive globally, with an increased inflow of domestic and foreign investments and a rise in export levels. In effect, the motive is to give a permanent push to the GDP and revenue growth. It is a largely celebrated decision for the Indian economy. However, it leaves a significant gap between the corporate tax rate and individual tax rate, which might incentivise undesirable behaviour such as channelling individual income to corporations to reduce tax payment. There are also worries about abandonment of fiscal prudence. Despite these efforts, there remain a lot of challenges in realising the dream of doubling the size of the economy by 2024. There are inadequate jobs for 1 mn addition to workforce every month, meaning the favourable demographics is not taken advantage of Reduced global growth and mounting trade tensions are likely to affect demand for India’s export, the signs of which are already visible. India’s share in global exports is quite low.
Although it is advocated that India’s overall tariffs stand to gain from the trade war between US and China, the ground reality isn’t quite so. Slow processes and procedures in getting hold of such benefits allow them to be slipped away from India’s hands and land in the basket of swifter countries such as Vietnam, Bangladesh etc. Sanctions on Iran affect oil prices and hence India’s economy negatively. Steady funding for new schemes such as PMKISAN needs to facilitated without disturbing the fiscal consolidation. There is a need for structural reforms in sectors such as agriculture and labour. A better approach to actually realise the dream of making India a $5 tn economy by 2024 should be focused on bringing about a more comprehensive reform with reduction in input costs, of land, freight, electricity etc., so as to compete with neighbouring countries. The need is to create a complete ecosystem, which is designed to support multiple industries, at varying scalesboosting GDP, reducing unemployment and keeping a check on inflation. There is a need of incorporating behavioural economics in government’s policy-making exercise.
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THE RAGING “BEAR”: ONGOING ARGENTINA CRISIS - Ajinkya Khotalekar (NL Dalmia Institute of Management Studies & Research (NLDIMSR), Mumbai)
Brief summary The news in August 2019 of current president Mauricio Macri will be no more in the government has set ball rolling downwards for the Argentinean economy. Being a conservative he was in the position from year 2015.There is a huge gap of 15 bps between him and his Leftist opponent Alberto Fernández, whose party has running mate Ms Kirchner. Christina Kirchner had left the office in 2015 and during her infamous period of presidency she had her hands full in corruption charges. She faked the real inflation figures, controlled currency rates all this to the anti-investment sentiments amongst the investors. Macri tried to boost the economy back to normalcy by trying to bring foreign investments. His campaign promises
were achieving “zero poverty” creatingquality jobs for Argentines.
and
Left wing populism What it means is the return of left-wing politics in Argentina. As any left wing government operates it would increase the subsidies, more capital control, nationalisation of private assets and higher wages. All this resulted in the rise of black market for dollars. Fear of all this led to chaos that was seen the very next day in the stock market.
Relation with IMF Argentina first started taking borrowings from the IMF in year 1958.Since then it has signed 22 agreements with the IMF and most of these could not turn the economy into better shape. The IMF bailout has always been Macri’s strategy to stabilize the peso. Argentina
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was experienced the economy collapse in the early 2000 following to this, the IMF responded by providing exceptional financial support.
What are the consequence on the country? 1. National Inflation Country is facing inflation which is around 30% Y/Y basis
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2. Argentina peso spot No one had expected the currency would plummet the way it did post opinion polls. The depreciation has made debts more
3. MERVAL Index S&P MERVAL index is the major Argentinian index that tracks success of good companies. Government shift news has caused this index to plummet tohistorical low evetually braking earlier records. The second highest fall in the market for any country around the globe. The MERVAL dropped almost 48 percentage post the news. Some records
What is the road ahead? Country needs to control rising inflation. Macri’s party has come up with a series of measures such as freezing the fuel prices, removing the VAT on some food staples.
expensive for the government to repay country is now begging for 50 bn dollars loan at IMF.
are not to be broken but in Argentina’s case it's has broken earlier record of 2002 when index had fallen 45 percentages. These are alerting numbers. Argentina stands right below to Sri Lanka in this list. Sri Lankan index fall 60 percent soon after the civil war had broken in the country.
The government plans to reduce infrastructure spending as part of its pledges to cut its budget deficit under the IMF deal, which could exacerbate job losses. Only time will tell.
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GREEN MARKETING IS THE NEW BLACK - Alisha Diana (Faculty of Management Studies (FMS), Delhi) Green marketing is the new black? It is not a question anymore, it is a full-fledged truth now. From student supporters of Greta Thunberg to awakened adults to corporate companies all are engrossed in this trend of the Green Marketing. It has caught the attention of everyone and is spreading like wildfire. Green marketing is truly need of the hour. With years of serving the customers with the most cost efficient, speedy, convenient ways now the companies are trimming their operations and strategies with the changing landscape to suit the environment.
Green Marketing Companies are taking great care to ensure that they manufacture and sell products in a sustainable and environment friendly manner. They are changing their products, packaging such that the material is recyclable. Renewable materials are being experimented with. Companies are exploiting green marketing not only help conserve the environment but to also attract the conscious customers and be relevant. They are also aiming to addressing CSR activities on the side line.
Green Consumers Global Consumer Confidence Survey, conducted in collaboration with Nielsen 2017, stated that 81% of global respondents feel strongly that companies should help improve the environment. Millennials, Gen Z and Gen X are the most supportive, but their older counterparts aren’t far behind. We can see this quite evidently not just by the products used by individuals but also by the altering choices they are making in
their lifestyle. A big conversion has been seen from non-vegetarians to vegans. One reason for this can be health benefits but some are also inspired to change the negative effects caused by the industrial meat production. Celebrities like Jennifer Lopez, Miley Cyrus too are endorsing such initiatives. 33% of consumers are now choosing to buy from brands they believe are doing social or environmental good, a Unilever Consumer Study.
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Need for green marketing The basic elements that the earth has given us has been in the most terrible fashion, exploited to unimaginable extends. Soil been contaminated by millions of chemicals and stuffed with non - decomposable plastics like turkey in thanksgiving. Water bodies and the aquatic life has been left to cry to save themselves of lowering of water levels, that is after they survive the water pollution first. The omnipresent air that we breathe have been polluted just like the lungs of a chain smoker. These harsh realities is a mere consequence of the ignorant and inconsiderate activities by each one of us and the corporates. The extinct species, extreme climate changes, shortage of resources is a wakeup call which has been finally noted after being snoozed for years. Companies are breaking their heads in an attempt to go green. From simple initiatives to larger than life, all has been tried and yet more are to come. They are attempting to include green marketing in their marketing mix. Product Company such as Reliance is scrapping out business from sustainability. They have started converting fashionable clothing from used plastic bottles. It has tied up with high end brands like Arrow, Wrangler, Raymond, Lee among other international brand to kickstart this initiative. Brands such as Starbucks and Patagonia has lead the way for quite some time now
on how to go green. Patagonia releases their advertisements not to lure consumers to buy fancy products but it encourages them to Not buy things they don’t necessarily require. They focus on recycling of the product, reusing it and also assessing human need and the consumption. Companies are now also emphasising on their production, manufacturing and supply techniques and looking at ways they can be more efficient to use resources wisely. For instance Colgate Palmolive’s “Save Water” poster intelligently placed on the sinks of hotel chains with illustrative picture of a child standing on droughted land holding a glass, that would be filled by the water you save. This establishes its indelible mark in our mind to save water at the ends of the consumer. Swedish Company IKEA is also infamously known for its eco-friendly practises. Close to 50% of the wood used by this furniture making company is obtained by sustainable forest and 100% per cent of its cotton from farms that have mandate standards of using less water, energy and chemical fertilisers and pesticides. Price Costs and also because its demand is low compared to traditional products. For corporates, investments also need to be made also in changing the infrastructure using highly efficient machinery like washers, dryers etc. With the surge in prices some consumers are able to afford it and encourages it, however some it still left to get accustomed to this new variety. But
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urely, eco-friendly products have started mushrooming. Promotion Corporates are also trying their hand using clutter breaking eco-friendly promotional marketing strategies. Leading beverage company, Coca Cola came up with a billboard advertising their coke bottle. The billboard was essentially. vertical plantation, filled with sampling just leaving the coke bottle space empty. The billboard was designed to absorb pollution. Products are also being promoted on the basis of their 100% eco-friendly stamps.
Conclusion The conscious consumers are here to stay. People are well informed about the degrading condition of the world. Green Consumerism is mushrooming well in India. Hope we stay to see the better tomorrow.
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PREDICTIVE ANALYTICS A GENIE OF THE DIGITAL ERA - Diksha (Sri Ram College of Commerce (MBA-GBO), Delhi) Each one of us is curious about the future, so much so that we have heavily monetized on palmistry, horoscope reading, astrology, and fortune cookies. I guess its kind of comforting to know what the future holds for us. Or is it? Anyway, the focus of this article is not on our obsession with predicting the future but the method which we use to do this using science and data. Predictive analytics is often said to be intuitive, powerful, and awe-inspiring, but to define it technically,
In a survey conducted by Deloitte on the Analytics Advantage, results showed that Predictive analytics is seen to grow at a brisker clip than business intelligence software itself, at 22.9% versus 21.4% for the period 2019 to 2021. This survey uses Predictive analytics to predict that the future of Predictive analytics looks great! The practical uses of Predictive analytics are many, it can facilitate many industries
Predictive analytics (PA) is the technology that learns from experience (data) to predict the future behavior of individuals to drive better decisions.Many professionals believe that analytics promotes better decision making, ensures enablement of key strategic initiatives, and fosters better relationships with customers and business partners. Predictive analytics can also help businesses achieve competitive advantage, find new revenue opportunities, and increase profitability.
such as marketing, market research, ecommerce, financial services, insurance, news media, healthcare, pharmaceuticals, government, human resources, travel, real estate, construction, and law. Predictive analytics can assist in combating risk, boosting sales, cutting costs, fortifying healthcare, streamlining manufacturing, conquering spam and optimizing social networks.
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We need to look at a few examples to know the depth at which Predictive analytics is functioning at present in various domains. Finance - Wall Street firms trade algorithmically, called “Algotrading”, buying and selling based on the prediction of stock prices. All large banks and credit card companies predict which debtors are most likely to turn delinquent, failing to pay back their loans or credit card balances. Collection agencies prioritize their efforts with predictions of which tactic has the best chance to recoup the most from each defaulting debtor. Digital Marketing - Predicting mouse clicks pay off massively. Since websites are often paid per click for the advertisements they display, they predict which advertisement you’re most likely to click to instantly choose which one to show you. This, in effect, selects more relevant ads and drives millions in newly found revenue. For instance, Facebook predicts which of the thousands of posts by your friends will interest you almost every time you view the news feed. The social network also predicts the suggested “people you may know,” not to mention which ads you’re likely to click. Human Resources - Hewlett-Packard (HP) earmarks every one of its more than 300,000 worldwide employees according to “Flight Risk,” the expected chance he or she will quit their job so that managers may .
Intervene in advance where possible and plan accordingly otherwise. Whether you are a data analyst, an engineer, or an entrepreneur, predictive analysis can play a crucial role in your day to-day job. It helps in improving efficiency in the workplace, reduce business risks,detect fraud, and meet consumer expectations, ultimately giving you acomparative and absolute advantage. To demystify this, the only two ingredients you’ll need is data and software. The most common software used are Sisense, Microsoft R Open, Microsoft Azure Machine Learning Studio, Oracle Crystal Ball and IBM SPSS Predictive Analytics Enterprise. Each prediction depends on multiple factors which in turn depend on our objective. but to choose which data to use and which to disregard is another challenge. The solution to which is machine learning where computers automatically develop new knowledge and capabilities by using data. Data embodies a priceless collection of experience. Machine learning builds upon insights to develop predictive capabilities, following a number-crunching, trial-and-error process that has its roots in statistics and computer science.
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Predictive analytics is completely based on numbers and it strives to make decisions more data driven, relying less on one’s gut and more on hard, empirical evidence. When doing Predictive analytics, one has to overcome the challenges of analyzing data, increasing knowledge and deploying it effectively. You have to leverage a lot of technical skills, and then realize that for the
results to be impactful and effective, one needs to be mindful of a lot of other aspects, including legal, ethical and technical.So basically, you could tell me what technology will come up tomorrow with the technology used today. Will this make this technology redundant or the future one, interesting question.
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Management in Law: Can India’s Judiciary System be improved? - Neel Madhavkumar (IIM Indore) “The Rule of Law and maintenance of order is the science of governance” - Kautilya’s Arthashastra, 4th century B.C. As mentioned above, the relationship between governance and judiciary has been emphasized long back by great thinkers of ancient India. But if we look today, we seemed to be moving in the other direction when it comes to enforce laws and resolve disputes. The number of cases in Indian courts are piling up and resolving the cases is taking way longer time, that sometimes, when the cases are resolved, one or both the parties had been dead for years.
Fig. 1 Distribution of pending cases among different levels of court in India
Key Issues Major issue that is facing Indian Judiciary is the backlog of cases that weighs down the judiciary system, which further leads to lower economic activities in the country. Among these cases, majority of cases are in District and Subordinate courts, as seen from the figure 1 below. From all these pending cases, more than 64% of cases have been pending for more than a year. Figure 2 shows the percentage distribution of all civil and criminal cases pending for number of years in District and Subordinate courts.
Fig. 2 Distribution of pending cases agewise in D&S courts Apart from this, if we look at the number of working days of courts in India, it is quite low compared to the amount of cases pending in front of them. The working days for the Supreme Court, the High Court and the District and Subordinate Courts are 190, 232, 244 days respectively. This does
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not include the personal leaves of the judges. Also, the number of judges in Indian courts is not sufficient to handle such high number of pending cases. The sanctioned strength of judges at District courts is 22750, but only 17891 judges are appointed, which is 79% of the sanctioned strength till Dec’18. This number is even lower for the High Courts, which is 62% of sanctioned strength. There are several other administrative functions to be performed for running the judiciary system like Admission and Denial of cases, Notice/ Summons, etc. These functions constitute the significant portion of the case life cycle which can be seen from
figure given below. These functions are monitored by Chief Judicial Officer. As a result of which majority of his time is eaten by these functions, instead of focusing on key activities like hearing the case and delivery of justice. This puts Judiciary Officer as a “Bottleneck” in the system because they are “Critical Resources”, but not utilized properly. Solutions The solution of the above problems can be in two different ways, either by increasing the number of judges, keeping in mind current efficiency or by making system more efficient. If we go for the first solution, it is in the hands of government to increase the number of judges. Calculations for the first solution is shown in below figures for
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District, High, and Supreme courts. But this solution is not very efficient as the number of new cases in the courts will be increasing year after year because of rising awareness among the common people about their rights. The other solution includes the managerial aspects to it. We need to increase the efficiency of the system with increment in number of judges. To increase the efficiency, first we need to look at the Case Clearance Rate (CCR). It is the ratio of the number of cases disposed of in a given year to the number of cases instituted in that year, expressed as a percentage. To dispose pending cases, CCR needs to be above 100 percent. CCR for civil and criminal cases in India was 94.76 per cent and 87.41 per cent respectively in 2018. CCR comparison is given in figure 4 with other countries.
To improve CCR, we need to improve efficiency of the system. As we have seen above, Judges are the “Critical Resources” here and their unavailibility is the real bottle neck. To utilize these “Critical Resources”, we need to introduce “Law Managers”, whose function will be to monitor the administration work and making sure of availability of all the required documents before it goes to the judge. “Law Managers” will be appointed by the respective states for their high courts and district courts. Central government can appoint the same for supreme courts. They will be the link between the lawyers and the judges. We can appoint 3-40 “law managers” per judge. If we look at different stages in case life cycle (as shown in figure 4), we come to know that major stages that must be handled by judges are Evidence,
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Arguments and Final Ordered Judgment. Other stages are more of administrative duties that can be outsourced to law managers. To further improve the efficiency of the system, the above mentioned three stages can also partially be handled by law managers, like gathering all evidences and preparing a report, fixing the time limit for the arguments of the both parties and other documentation for the Final Ordered Jududgment. This way, we can reduce the
number of days required for each stage significantly, which can directly be seen in efficiency increment. To achieve this, we need to bring some structural changes in the administrative procedures of judiciary and redefine the functions and duties of lawyers, law managers and judges. We can form a structure with improved coordination among law managers and lawyers. We can remove the “Bottleneck� of scarcity of judg-
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-es by utilizing them for their “Core” activities. If we can achieve this, disposal rate per judge, which is 746 (for district court), can easily be improved to at least 900 and with increased strength of the judges, we can clear all the backlogs in 5-6 years. Below figures shows the calculation
for the same with higher efficiency and increased strength of working judges. This is just a “Managerial” perspective to prevent the scenario from further worsening. Let’s take this leap and make our country, a better home for its 1.3 billion citizens.
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THE STRATEGY AND CONSULTING CLUB OF IIM ROHTAK snc@iimrohtak.ac.in
ABHINAV TRIPATH KAJAL PATIL KANUJ KHURANA MANOHAR GUPTA PUJA ASHWINI AKANKSHA LAWHALE AMRISH RAI MEDHA WAGH PRITHA BARUA SAURABH AZGAONKAR SUMAN SHARMA TEJASWI NETTAM
DISCLAIMER: THE VIEWS AND OPINIONS EXPRESSED IN THIS MAGAZINE ARE THOSE OF THE AUTHOR AND DO NOT NECESSARILY REFLECT THE OPINION OF THE STAKE HOLDERS OF IIM ROHTAK