The Knowledge to Decide

Prime Minister Narendra Modi recently moved ahead to demonetize high-value currencies in November 2016 in a calculated approach to eradicate black money from the country. INR500 and INR1,000 notes became invalid – these account for 86% of currency in circulation. Amidst the immediate effect on consumption, sectors incurring major setbacks include real estate, construction, jewelry, high-end retail, travel and tourism. However, the long-term economic benefits include higher tax revenues that will create a better business environment with higher transparency and minimized corruption. Banks will see large inflows. Inflation may trend lower leading to drop in interest rates. Are there unforeseen ramifications of demonetization in India? https://www.spireresearch.com/newsroom/spirethoughts/demonetization-in-india/

On 15 June, Spire and Yamada Business Consulting (YBC) jointly held a seminar at The Japanese Association in Singapore to give insights on emerging trends for India’s economy. The seminar aimed to raise understanding of market opportunities in light of events such as the roll-out of GST in India and President Donald Trump’s victory in the U.S elections. Yasuyuki (Luke) Kita, General Manager at Yamada Business Consulting Singapore, addressed the session to discuss current business trends in India in light of developments such as Trump’s victory in the U.S. election. Kita-san highlighted the impact on India’s economy of the recent Rupee demonetization of high-value currency notes, the introduction of a single Goods and Services Tax (GST) along with the Make In India initiative launched by the government to attract more investors. He also highlighted the Digital India Program, which aims to transform the nation into a digitally empowered society, nurturing startups and c

On 20 January, Spire and Yamada Business Consulting (YBC) jointly held a breakfast seminar in Singapore to explore the impact on India’s economy of the recent Rupee demonetization of high-value currency notes. Leon Perera, Chief Executive Officer of Spire Research and Consulting, Japnit Singh, Deputy Chief Executive Officer at Spire and Yasuyuki (Luke) Kita, General Manager of YBC (Singapore), addressed the session. Spire Singapore and YBC discussed the demonetization’s impact on different industry sectors, on e-commerce and on the outlook for doing business in India in 2017. The speakers talked about how demonetisation will spur growth in cashless transactions. Although the retail and car resale sector will suffer short-term damage, there is a visible shift towards modern trade and online transactions. Moreover, ease of doing business and transparency will rise, making India more investment-friendly. https://www.spireresearch.com/newsroom/events/spire-and-ybc-host-br