The beginning of a new year is traditionally a time for individuals to set resolutions for the year ahead, and there’s no reason that can’t apply to business, as well. In fact, it may be a great opportunity to reflect on what went well - and what fell short of expectations - over the past 12 months.
For the India Inc, 2017 was an eventful year, mainly because of the GST implementation, the biggest tax reform in Indian history since independence, that may prove to be a fillip for the India economy, in the long term. Further, as the Indian economy looks to integrate more into the global economy, the manufacturing industry in India looks to keep pace. Over the last few years, the increasing need to enhance competitiveness, reduce cost of operation, expand profit margins, and improve quality of products & services have forced most of the companies to rethink and adopt varying business strategies and models.
