Why are Indian businesses struggling?

The Indian business community is facing a major crisis as its productivity is falling and its revenues are down, as reported by The Times Of India on Sunday.

The report highlighted the shortage of skilled manpower, high costs of sourcing materials, and a sluggish economic growth.

According to a study conducted by the Centre for the Study of Globalisation (CSG), India is the worst performing economy in the world in terms of business productivity.

The Indian economy is still growing at a healthy pace of 7.6 per cent but at a slow pace of 6.9 per cent and the slowest growth rate among 34 emerging markets.