The New Normal has redefined the way industries function. While it has made humans firewalled in their homes, it has led to neologism of ‘Boundaryless’ in the form of a ‘boundaryless organization’.
ICICI Lombard & CNBC-TV18 have come together to bring to you the ‘Risk Masterclass 2020’ series. It is a special initiative under the aegis of India Risk Management Awards that recognizes India’s leading organizations that have taken the lead in managing business risks. A unique series of events, the Risk Masterclass 2020 will bring together risk management experts and best practitioners.
Through a comprehensive outlook on India’s Services Sector, the 2nd edition of Risk Masterclass aims to lay out the plan of Risk Management for SMEs & MSMEs, in these challenging times.
The services sector is not only the dominant sector in India’s GDP, but has also attracted significant foreign investment, has contributed significantly to export and has provided large-scale employment. The services sector is a key driver and is dominant in terms of its growth & shares serves as an engine of growth for Indian economy. It is important for a developing country like India with a large and young population to generate quality employment and move up the value chain. India needs private investments in key infrastructure services such as transport, energy and telecommunications.
India’s distinctive competencies and competitive advantage formed by the knowledge-based services makes it unique emerging market in the world. Backed by several government initiatives, the services sector in India has the potential to unlock a multi-trillion dollar opportunity which can create symbiotic growth for all nations.