Karina Pandya

International business in India is of prime importance because it has an important role in India's economic growth. Not only does it enhance competitiveness, and expand business opportunities for domestic markets, but it also is crucial for the exports and imports between India and other countries.       Right from the time of independence, the INR and dollar exchange rate has been important. What has to be remembered is that at the time of India's independence, there were no outstanding credits on the balance sheet of India which meant that the Indian Rupee was at parity with the US Dollar. However, the Rupee was pegged to Pounds at that time and that meant 1 pound was equivalent to INR 13. After independence, the Indian Rupee continued to peg to the British pound at a rate of 1 Rupee = 1 Shilling and 6 pence. When India became a republic nation in 1950 and the constitution in 1952 the USD was equal to 4.16 INR.   However, it was in 1944 according to the Bretton Woods Agreemen

  Are India’s largest FMCG players riding the next megatrend? There’s one particular thing that long-term investors keep an eye out for and that is t he next megatrend. Every asset management company has a primer explaining this concept. According to Blackrock, megatrends are powerful, transformative forces that could change the global economy, business and society.    You can easily put your money to work and reap the rewards over the next decade. It's the classic ‘buy and hold approach where it focuses on a theme and not just a stock. It's not just investors who are trying to get into the ground floor. Companies are constantly trying to see if they can diversify their business and capture megatrends. For example, some of the megatrends include rapid urbanization, a shift in global economic power, the rise of technology, digitalization, and growing interest in health or sustainable energy.    One of the biggest trends is the dietary shift toward plant-based products.    This i