Our Managing Partner  (Monish G Chatrath)  was a panellist on a thought-provoking discussion on  “How to get business & economy back’ , which was aired live on NewsX from 6pm to 7pm on Friday, July 03, 2020. This discussion, presented by NEWSX and BW Businessworld and co-anchored by Dr Anurag Batra  (Chairman & Editor-in-Chief, BW Businessworld & exchangemedia Group) , had eminent panellists from a cross-section of the Indian industry and focused on the effectiveness of the COVID-19 stimulus measures as well as the Atmanirbhar Bharat movement.


The key take-aways from the views shared by Monish were as follows:

Stimulus measures
  • Strong steps, which will need a focus on monitoring the impact so that the intended benefits are utilised by the industry. Specific controls and mechanism were highlighted.
  • A cohesive approach between the industry, professionals and government will ensure success. Specific aspects relating to collaboration were stated.

Atmanirbhar Bharat
  • A bold measure, which can transform the dynamics of business in India. Specific risks and challenges with critical success factors were highlighted.
  • Innovate, integrate & consolidate. Specific thoughts on these aspects being the mantra for growth were stated.
 
Other key messages
  • If we wait for the demand to drive our sales, we will struggle. If we go where the demand is, then we will progress. If we innovate to create a new dimension of demand, we will prosper. A word of caution in the context of the old order and the impact of the change as a consequence of COVID-19 was stated.
  • The role of professionals was set out. Consulting firms like ours need to give back to their clients in terms of their knowledge at a time of a crisis like this while serving as an effective conduit between the industry and the government to objectively and effectively raise industry concerns and influence policy.


Please click on https://youtu.be/tcUaEje7gxI to view a full recording of this panel discussion with some of the most experienced minds of India at work.
 
Have a great weekend.
 
Best regards
Markets Team
MGC Global Risk Advisory LLP
About MGC Global Risk Advisory LLP

Recognized as one of the '10 most promising risk advisory services firms' in 2017, as the 'Company of the Month' in January of 2018, the 'Company of the Year 2018', 'Company of the Year, 2019'  (all in the category of risk advisory services) and one of the 'Top Exceptional Companies to Work For’ in 2020; MGC Global is an independent member firm of the US$ 4.2 billion, Atlanta headquartered - Allinial Global.

MGC Global provides services in the areas of enterprise wide risk management, control assessments  (SOC, IFCR & SOX) , internal audits, process re-engineering, governance frameworks, IT advisory, GDPR, cyber security, CxO transformation and forensic services. MGC Global has the capabilities to service its clients through its offices in Bengaluru, Mumbai, NCR; and has service arrangements in all major cities in India
About Allinial Global

Allinial Global  (formerly PKF North America)  is currently the world's second-largest member-based association that has dedicated itself to the success of independent accounting and consulting firms since its founding in 1969. 

It has member firms in 71 countries, who have over 28,373 professional staff and over 4,000 partners operating from 611 offices across the globe.

Allinial Global provides its member firms with a broad array of resources and support that benefit both its member firms and their clients in the key impact areas of learning and development, human resources, international outreach, technical support, knowledge-sharing platforms through its specialized communities of practice, marketing resources, information technology and best practices in practice management.