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Issue No. 10 | September 2022

The Economic Times
India Leadership Council

Leadership Conversations

	World Matters
	Anil Swarup, Former Coal and Education Secretary, GOI
	India has the fifth largest coal reserves in the world, but due to the shortage of coal production, India is facing an energy crisis. Coal India Ltd. is the world’s largest public sector coal miner but still falls short of its production targets due to system issues. After a record production in the year 2015-16, the company has been stagnant due to various reasons, which is one of the reasons for our current energy crisis. The session sheds light on some of the challenges that CIL is facing.
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	A Comedian’s Guide to Communication Strategy
	Papa CJ, Stand-up Comedian, Executive Coach, Author
	Having a proper communication strategy in any business is essential. It helps the company to function efficiently and implement changes quickly, have fewer hiccups and have lasting and meaningful relationships with customers. But had you ever thought that a comedian could give you a few pointers on this subject? The session was about various methods companies can apply to increase efficient communication and of course it was a delight to attend.
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	Deloitte
	Ved Mani Tiwari, COO and Officiating CEO, NSDC
	This roundtable on talent management addressed today's pressing needs to retain talent and keep employees motivated. The keynote address was by Ved Mani Tiwari, Chief Operating Officer at National Skill Development Corporation (NSDC), who highlighted the efforts the government is making under Skill India. Top leaders from various sectors spoke at the session on the future of work, the importance of people-centricity and the need to adapt to change. The session ended with the launch of the ETILC Report: ‘Human Capital Strategies for 2022 and Beyond.’
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The CEO Pulse

Business Impact

We asked India Inc about their opinion on the state of the rupee. Our currency hit an all-time low against the US Dollar recently, and there is a visible effect on the prices of crude oil and other imports. While corporate earnings don’t seem to be a challenge, consumer spending might be mellow, and FIIs might be affected.


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The Unicorn Club

Halfway into CY2022, there are only 4 start-ups that have entered the Unicorn Club so far, which is much lesser than predicted. There is an estimate of a fall of 40% or $6.8 billion in the funding of the Indian startup ecosystem. ETILC CEOs shared their opinion on what has caused the current slow

down.


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Climate Change

Heatwaves have lowered the annual GDP growth estimates of Europe. The losses in Europe have been projected to grow even further over the next 40 years. We asked India Inc what impact heatwaves can have on India and especially our farmers and daily-wage labourers.


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Insights


Sustainable aviation fuel for net-zero	Cyber-security response plans	Slow Growth of Economy
By the year 2030, India is looking to process 50% of its energy sources using sustainable methods. The target to achieve net zero can be fast-forwarded using sustainable aviation fuel. The aviation fuel industry has the scope to have significant economic growth and achieve sustainability goals through this method.	During times of conflict, the risk of cyber-attacks is at an all-time high. Governments and organisations are under constant threat of cyber incidents. A cyber-incident response plan to eliminate the risk of the worst possible outcome is a strict necessity. Having a plan could mobilize resources, contain the attack, mitigate damages and expedite recovery.	This is an episode of Radio Davos, where Gregory Daco, Chief Economist at EY-Parthenon, Ernst & Young’s global strategy consulting arm, speaks to the World Economic Forum’s Abhinav Chugh about economic slow-down, inflation, global debt ratios, and the thing all policymakers want to avoid: stagflation.
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The Economic Times
India Leadership Council
- The Ivory Business Network

The Economic Times India Leadership Council (ILC) is India’s most exclusive peer group initiative that brings together a select group of senior business leaders from across India Inc through a multi-sectoral representation. As a membership based platform with access reserved only for the CEOs and MDs from Corporations, the Council has a two pronged objective of enabling “Change” through clearly defined agendas and task-forces; and indeed to “Grow” the Leadership in the country through unique learnings and interactions.

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