Thought leadership reports

India Auto Tracker Q2 FY24 provides an overview of the Q2 FY24 export report for the auto industry, It includes a detailed analysis of the top export destinations and growth trends, covering key insights such as export volumes, growth rates, and market shares for each destination.

Owing to the vast population of our country, the labour landscape is an intricate set of layers. Diversity, multi-linguistic and multi-cultural are hallmarks of the labour population (labour pool) in India. Economic activities in the country are broadly categorised in the organised and unorganised sectors.

The MSME sector accounts for over 80% of businesses and contributes to more than half of the employee share. The share of the formal MSME sector in the GDP is up to 40% in emerging economies. The importance of the sector in India’s economic growth cannot be over-emphasized. With the presence of over 63 million MSMEs employing over 110 million people staggered across services, the manufacturing sector contributes nearly 30% to GDP.

August 2024

Population and usages of resources are interdependent and proportionally co-related. Judicious use of resources would lead to mitigating resource depletion and thereby fostering a more sustainable environment for future generation. It is estimated that by 2050 world population will soar to 9 billion and fulfilling the demand will require natural resources equivalent to three earths. The present prevailing model of usages of resources is linear economy which is based on the principles of ‘take-make-waste’ and is unable to manage the balance of demand and supply with growing population and depleting resources. It is also
significant contributor to the challenges of climate change, biodiversity loss, waste generation and pollution.


As a consequence of the realisation of the impending resource scarcity, existential threat due to adverse impacts of increasing temperature of planet earth and climate change, circular economy is emerging as a solution for sustainable development.