India Inc busy talking digital shift; Modi gets a short shrift




The global brokerage said it was heartening to see ‘sustainability’ and ‘digital transformation’ taking centrestage in corporate parlance. NSEBSETCSLoading data…

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                ChartsValuation & Peer ComparisonCommunity BuzzPEER COMPANIESIdea CellularICICI bankBharti AirtelAirtelEXPAND TO VIEW ALL NEW DELHI: ‘Digital’ transformation was the buzzword that was discussed 2,194 times in annual reports of 62 big companies during the year gone by. In comparison, topics such as unemployment, PM Narendra Modi, reforms, unemployment and US President Donald Trump got fewer mentions in these reports, shows a study by CLSA.

                The finding was based on a study of 74 annual reports for FY17 of companies accounting for $1 trillion worth of market capitalisation.

                The study showed big companies such as TCS, Reliance Industries, Infosys, Bharti Airtel, SBI, Idea Cellular and ICICI Bank, among others, were among the 62 companies that discussed ‘digital’ transformation in their annual reports.

                Sustainability (1,566 times, 66 firms), rural (1,488 times, 72 firms) and recovery (846 times, 68 firms) were some the other buzzwords in most annual reports.

                The global brokerage said it was heartening to see ‘sustainability’ and ‘digital transformation’ taking centre stage in corporate parlance.

                The key message from corporate India, the foreign brokerage said, is that optimism around the country’s sustainable growth potential has risen significantly, despite FY17 being a year of disruption.

                “India Inc’s owners and CEOs see an extended period of political stability, which is deepening the visibility of major reforms and key government policies being carried forward. GST, affordable housing, digitisation, rural recovery, make in India (mostly in defence) and Smart City benefits are all on the corporate radar,” the brokerage said.

                Meanwhile, Trump (15 mentions, 8 firms), Narendra Modi (15 mentions, 9 firms), unemployment (38 mentions, 22 firms) and ‘Make in India’ (57 mentions, 22 firms) were some of the topics that got fewer mentions by Indian firms in these reports.

                Here’s the full table.




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