Overview
Making a difference to the society has been inherently present in the way the Group functions. Starting from the vision, to every initiative that the Group takes up giving it back to the community has become part of the group’s way of doing business. This has been successfully brought from dream to reality by the 20 year old Sri Bhagyalaxmi Foundation, the CSR arm of the Sri Bhagyalaxmi Group.
The foundation works with the communities surrounding the group’s business operations to improve the quality of lives. The foundation is happy to have created an impact on over 1 lakh lives and being supported by over a 500 member team working across 14 locations in the country and 2 in Nepal
Focus on the global economy
The global economy is currently facing a complex landscape with mixed prospects for growth and stability. While some regions, like India, are projected to maintain strong growth, others are facing challenges due to trade tensions and policy shifts. Global inflation is expected to continue to decline, but persistent disparities and risks to the outlook remain.
Key Trends and Challenges:
Resilient Growth:
Despite global uncertainties, the world economy is expected to continue growing, albeit at a slower pace than pre-pandemic levels.
Regional Variations:
India is projected to be a major engine of global growth, while China's growth is expected to decelerate. Emerging market and developing economies are facing modest growth slowdowns.
Trade Tensions and Policy Uncertainty:
Escalating trade tensions and policy-induced uncertainty are posing downside risks to global growth.
Inflationary Concerns:
Global headline inflation is expected to decline, but core inflation is projected to decline more gradually.
Geoeconomic Fragmentation and Climate Change:
These factors are contributing to instability and increasing the risks to the global economic outlook.
Specific Forecasts:
Implications:
Overall, the global economy is navigating a complex terrain with pockets of strength and areas of vulnerability. While some regions are showing resilience, ongoing challenges related to trade, policy uncertainty, and global disparities require careful attention and proactive measures.