Volume 3 – 3 Aug 2023
Look Forward
India's Moment
Our world is in the midst of an unprecedented period of transition and uncertainty, but one fact that unites all observers is that India faces a defining opportunity to capitalize on this moment.
Economically and politically, there are few global issues that can be solved without the cooperation of India, a fact that is highlighted by the country’s agenda for its presidency of the G20 in 2023. As in our previous Look Forward reports, our analysts have leveraged their deep sector and geographic knowledge as well as our data and insights to take a deep dive into a specific subject. This time, we look at the opportunities, risks and potential for India to strengthen its claim to be a true global superpower in the next 10 years.
We hope this research will help our customers around the world understand one of the most dynamic and fast-changing countries on Earth. From energy transition to the global economy, agriculture to transportation, supply chains to technological innovation, India is at the center of it all. However, the road ahead is far from straight, and navigating it will require decision-making that considers a vast array of potential scenarios, both at home and globally.
This report has been organized by the S&P Global Research Council, which is focused on the key global themes of energy security, climate and sustainability, technology and digital disruptions, supply chains, capital markets and geopolitical shocks. The foundation of the report is the work we do every day to deliver essential intelligence to our customers and the market — on India and on other topics that matter.
CRISIL is driven by its mission of making markets function better as India’s foremost provider of ratings, data, research, analytics and solutions. This report also shows the value of being part of S&P Global as it marries local expertise with global perspectives and leverages capabilities across the organization.
S&P Global
Amish Mehta
S&P Global
Managing Director and CEO, CRISIL
Amish Mehta is the Managing Director and CEO of CRISIL.
In his current profile, Amish leads CRISIL's Indian and global businesses, steering its efforts to deliver high-quality analytics, opinions and solutions to corporations, investors, financial institutions, policy makers and governments.
Amish joined CRISIL in October 2014 as President and Chief Financial Officer. In July 2017, he was appointed Chief Operating Officer, responsible for Global Analytical Center, India Research and SME, Global Innovation and Excellence (GIX) Hub and Corporate Strategy. As COO, Amish has led CRISIL’s acquisitions and change agenda, and creating a growth path for the businesses managed.
Prior to joining CRISIL, Amish was Chief Financial Officer for Indus Towers. He has rich experience of over two decades in telecommunications, oil and gas, FMCG and business advisory services, and has held leadership roles in diverse organisations, including BP/Castrol India, EY, and ExxonMobil India.
He is a Chartered Accountant and holds a bachelor’s degree in Commerce.
Sponsors & Contributors
S&P Global Commodity Insights
Atul Arya, Ph.D.
Senior Vice President and Chief Energy Strategist
Dr. Atul Arya is Senior Vice President and Chief Energy Strategist at S&P Global Commodity Insights. He is responsible for integrating energy content, analysis and insights across the entire energy value chain and for c-suite client engagements.
His areas of expertise include business strategy, commercial analysis, oil markets, energy technologies, climate change and renewables. He has previously led Energy Insight, Research and Analysis and Energy Research teams at S&P Global (Now a part of S&P Global). Dr. Atul previously worked for BP for over 20 years in a number of operational, business, technical and strategic positions around the world. His career includes international leadership experience in a diverse array of energy fields spanning strategy development, business planning, field operations and technology commercialization. His experience includes leadership in solar energy development as well as oil and gas. Dr. Atul has previously served on boards of several companies and institutions and is member of the World Economic Forum's Global Future Council on Advanced Energy Technologies and is 25+ year member of the Society of Petroleum Engineers. He is a sought-after speaker and moderator at public conferences, company boards and industry events and a member of the CERAWeek leadership team.
He holds B.S., M.S. and Ph. D. degrees in engineering.
S&P Global Ratings
Alexandra Dimitrijevic
Global Head of Research & Development
S&P Global Ratings
Martina L. Cheung
S&P Global Ratings
President, S&P Global Ratings
Martina L. Cheung is President of S&P Global Ratings. She has ultimate responsibility for all aspects of the business, including commercial, analytical, control, and operations functions.
S&P Global Ratings is regulated in many of the countries in which it operates, and Martina is a director of three of its largest legal entities, S&P Global Ratings Europe Limited, S&P Global Ratings UK Limited and Standard & Poor’s Financial Services LLC. Ms. Cheung also serves as the Executive Lead of S&P Global Sustainable1, supporting to drive the enterprise-wide growth strategy for ESG.
Ms. Cheung is a member of the Council on Foreign Relations, the Economic Club of New York, and served on the U.S. Commodity Futures Trading Commission’s (CFTC) subcommittee on Climate-Related Market Risk. Ms. Cheung has spoken on key industry topics covering ESG, cyber security, technology and diversity in the workforce across public forums that include the World Economic Forum at Davos, the Institute for International Finance membership meeting, and Politico Women Rule, among others.
Ms. Cheung joined S&P Global in 2010 as Vice President of Operations and went on to serve as S&P Global’s Chief Strategy Officer, where she was responsible for the execution and measurement of S&P Global’s continuing expansion of its global footprint. She also served as Head of Risk Services in S&P Global Market Intelligence, where she leveraged S&P Global’s significant risk intellectual property to serve clients in managing complex risk challenges. She most recently served as President of S&P Global Market Intelligence and Ms. Cheung formally served on the Board of CRISIL.
Ms. Cheung is the Executive Sponsor for the Women’s Initiative for Networking Success (WINS). She also has active involvement in other S&P Global People Resource Groups (PRGs) including Women in Technology (WIT) and S&P Global's LGBTQ+ & Friends PRG (Spectrum). Ms. Cheung’s philanthropic efforts include support for organizations such as Upwardly Global and YWCA.
Prior to joining S&P Global, she worked in the consulting industry, first in Accenture’s Financial Services Strategy group and later as a Partner at Mitchell Madison Consulting. She holds a bachelor’s degree in Commerce and a master’s degree in Business Studies from National University of Ireland, Galway.
S&P Global Market Intelligence
Lindsay Newman
S&P Global Market Intelligence
Head of Geopolitical Thought Leadership, Economics & Country Risk
In this role, Dr. Newman is primarily focused on geopolitical thought leadership and global trend forecasting, building on her decades-long experience in the political risk space. Her areas of expertise include US domestic and foreign policy developments as well as electoral violence, democratic institutions and election integrity. Prior to rejoining IHS Markit in 2021, she was a Senior Research Fellow in the US and Americas Programme at Chatham House, leading on their US2020 election project as well as political implications of the COVID-19 pandemic. Dr. Newman's PhD research at New York University investigated the risks and economic consequences of political instability with a particular emphasis on electoral violence. She also received a Juris Doctor from New York University School of Law, and worked as a capital markets lawyer for White & Case LLP in New York, advising companies and financial institutions on capital raising activities in the debt and equity markets. Dr. Newman has published across a range of academic and media outlets including The Independent and the World Today. She is also a frequent contributor in television media including BBC, Bloomberg, CNBC.
S&P Global Sustainable1
Hana Beckwith
ESG Specialist
S&P Global Market Intelligence
Rajiv Biswas
S&P Global Market Intelligence
Executive Director and Asia-Pacific Chief Economist
Rajiv Biswas is Executive Director and Asia-Pacific Chief Economist at S&P Global Market Intelligence.
Rajiv previously worked as Director for South-East Asia for The Economist Group. His previous experience includes working for UBS as Executive Director for Asia-Pacific Country Risk and for the Royal Bank of Scotland as an international economist. He has also worked for an international organization, the Commonwealth Secretariat, as a senior economist in the International Capital Markets Department. Rajiv's experience also includes working as a consultant for the United Nations and the Asian Development Bank.
Rajiv is a graduate of the London School of Economics, for the B.Sc.Econ. Hons. in Economics, and received his M.Sc. and D.I.C. from Imperial College at London University. Rajiv has published widely on a range of economic, trade and investment related topics, with over 100 published articles. He frequently speaks at international conferences on the global and Asia-Pacific economies, including at World Economic Forum and Euromoney events as well as at United Nations conferences. He regularly appears on international TV programs, including for the BBC, CNBC, Bloomberg, Channel News Asia, CNN and Al Jazeera TV.
Rajiv is the author of "Future Asia", published by Palgrave Macmillan in 2013, "Asian Megatrends" published by Palgrave Macmillan in 2016 and "Emerging Markets Megatrends" published by Springer/Palgrave Macmillan in 2018.
S&P Global Sustainable1
Stuart Bowles
ESG Analyist
S&P Global Ratings
Paul Gruenwald, Ph.D.
S&P Global Ratings
Global Chief Economist
S&P Global Mobility
Puneet Gupta
Director, Indian Automotive Market
Puneet Gupta is an expert for the Indian automotive market at S&P Global Mobility and is responsible for trend analysis, demand modelling, product planning, shared mobility and electrification trends.
Puneet leads the India/ASEAN automotive sales forecasting team. He is an autonomics expert and blends automotive and economics to model demand for the India car market. He is actively doing big picture workshops, trends analysis, white space analysis, and electrification for the India market. Puneet also does impact assessment of government policy, regulation, event shocks (COVID19) and geopolitics on forecast. He is also collaborating with energy verticals to calculate oil demand and has modelled shared mobility needs for Indian market. Puneet is highly networked within Indian auto industry and is fully engaged with global and local automotive car manufacturers, suppliers, energy & financial companies and automotive associations in India.
Puneet has more than two decades of experience in the automotive industry working in diverse areas like strategy, channel sales, R&D, sourcing, manufacturing and logistics. He is widely quoted in the media including Reuters, Economic Times, Live Mint, Hindu, Bloomberg, BBC, Business world and many more. He has written multiple editorial contributions and has spoken in national and global conferences.
Before joining S&P Global Mobility, Puneet has worked with market leaders like Maruti Suzuki, Renault-Nissan and Yamaha in India. He is a mechanical engineer and has done his MBA from MDI, Gurgaon, India.
S&P Global Commodity Insights
Gauri Jauhar
Executive Director, Energy Transition & Cleantech Consulting
Executive Director, in Energy Transition and Clean Tech Global Consulting team, S&P Global Commodity Insights
Gauri is Executive Director, in Energy Transition and Clean Tech Global Consulting team, and a Certified Independent Director by the Institute of Directors (IOD). She has 23 years of experience in the energy, applied economics, finance fields, with wide regional experience in the United States, Kuala Lumpur, Singapore, Mumbai, New Delhi. Focus on ESG In the Energy Transitions and the integration of clean fuels in the energy spectrum and multi-sector mitigation strategies.
Her areas of specialization are Integration of New Energy sources to the Energy spectrum for companies and countries, Financial and Operational Competitor Benchmarking, Energy pricing, Market entry strategies and Energy policy development. She represents S&P Global in various industry bodies such as the US India Hydrogen & Gas Task Forces by the US India Strategic Partnership Forum.
Prior to joining S&P Global, Gauri was Commercial Advisor - Gas Policy & Regulatory Affairs at BP in India. She was the gas policy lead for a multi-disciplinary team-leading BP's energy reforms advocacy efforts in India. Prior to joining BP, she was a Senior Consultant at PFC Energy (now part of S&P Global), leading PFC Energy's Integrated Energy business in India and Singapore.
Gauri started her career as a Research Associate at the National Council of Applied Economic Research in New Delhi, analyzing macro-economic policy issues for the Indian economy and her paper with DK Joshi on "India's Macro-Stabilization Policy in 1990s: A Review and Assessment" was published in the book, "The Indian State in Transition."
S&P Global Ratings
Dharmakirti Joshi
Chief Economist – CRISIL Limited
At CRISIL, Joshi's purview includes demand forecasting, assessing macroeconomic scenarios, and analyzing and monitoring the impact of macroeconomic domestic and external shocks on the economy. He has extensive experience in macroeconomic analysis and medium-term assessments of the Indian economy.
He was member of the Working Group of Savings for the 12th Five Year Plan. He is also a member of the industry monitoring group of Reserve Bank of India. He was the Chairman of Economic Affairs Committee of Bombay Chamber of Commerce and is currently member of Economic Policy Group of Confederation of Indian Industry and Indian Merchant Chamber. He regularly writes for leading newspapers and expresses his views on the economy in the electronic media.
Joshi has spent 26 years in economic research and consultancy. He spent 11 years at the National Council of Applied Economic Research (NCAER) before moving on to the Central Electricity Regulatory Commission (CERC), New Delhi, and then CRISIL. At NCAER, Joshi worked on short and medium term macroeconomic forecasting using Computable General Equilibrium and econometric models, macroeconomic reforms and fiscal policy related issues. At CERC, he worked on regulatory, competition and tariff related issues in the Indian power sector.
Joshi holds a bachelors and Masters degree from Honours School in Economics, Punjab University, Chandigarh, India. He has attended program on Macroeconomic Policy and Management at Harvard University and was a visiting scholar to Economic Research Unit of University of Pennsylvania.
S&P Global Commodity Insights
Rahul Kapoor
Vice President & Global Head of Shipping Analytics & Research
Rahul Kapoor is the global head of shipping analytics & research for S&P Global Commodity Insights and is based in Singapore.
Rahul leads an integrated commodity analytics product management, data science and research team. As a business head, he is responsible for driving new product growth for our analytics products Commodities at Sea and Freight Analytics. A subject matter expert in the maritime industry and financial markets, Rahul is a thought leader with proven credentials in market analysis forecasting, shipping economics and commodity market developments. He is a regular speaker at major conferences and client events globally, and is frequently interviewed by both print and visual media. Most recently, he was at Bloomberg Intelligence and earlier headed Drewry Financial Research Services Ltd. He has also worked as senior equities analyst at RS Platou Markets and Nomura.
Rahul holds a Bachelor of Science in Marine Engineering from BITS, Pilani and a Postgraduate in Management from IMI, New Delhi, India.
S&P Global Commodity Insights
Sana Khan
Agribusiness Consultant
Sana Khan is a Consultant within the North American Agribusiness Consulting Team at S&P Global Commodity Insights.
Sana Khan has a strong background in market assessments, competition analysis, agricultural commodity forecasting and economic modelling. She has 8+ years of experience in agribusiness sector with private, public and intergovernmental organizations. Prior to joining S&P Global, she worked for The World Bank based in Washington, DC within the Agriculture and Climate Change Global Practices. She worked on several projects including agribusiness policy benchmarking for 100+ countries within the seeds and fertilizer sector and assessment of carbon credit programs and markets in 10 developing countries.
Sana received a master's degree in business administration, her study concentrations were operational management and efficiency.
S&P Global
Shankar Krishnamurthy
Head of EssentialTech COE and Innovation, S&P Global
S&P Global Market Intelligence
Deepa Kumar
Head of Asia-Pacific Country Risk
Deepa Kumar is the head of Asia-Pacific Country Risk. She leads a team that delivers thought leadership and analysis on a range of APAC-wide topics including political reordering, evolving regulatory trends, risk of conflict in the region, dynamics impacting regional supply chains, the future of technology governance, and the increasing importance of national security in regional trade and energy transition.
Deepa also leads analysis on India, and routinely spearheads and contributes to corporate-wide initiatives focused on India.
Deepa has a background in Indian parliamentary research and was previously an entrepreneur whose organization in New Delhi focused on increasing citizen engagement with political representatives.
Deepa holds a Master's in Public Policy from the Blavatnik School of Government at the University of Oxford, and a Bachelor's in Political Science from St. Xavier's College, Mumbai.
S&P Global Sustainable1
Jennifer Laidlaw
Senior Writer
S&P Global Market Intelligence
Angus Lam
Senior Economist, Country Risk
Angus Lam is an economist working at the Banking Risk Service team of the Economics & Country Risk directorate at S&P Global Market Intelligence.
Based in Hong Kong, Angus focuses on banking sectors of emerging Asian economies. He works as an economist in the Economics & Country Risk directorate, specifically at the Banking Risk Service team. The Banking Risk Service team analyses key events and publishes key data of banking sectors around the world, with a major focus on emerging economies. Angus's research and analysis focuses on banking sectors in emerging Asia, which includes Bangladesh, Cambodia, China, India, Indonesia, Malaysia, Pakistan, Philippines, Sri Lanka, Thailand and Vietnam. Before joining S&P Global, Angus worked for a large European bank in London and a government department in the United Kingdom, where he focused on the labor market and bank lending in the United Kingdom economy.
He holds a Bachelor of Science degree in economics and politics from the United Kingdom and a master's degree in business, also from the United Kingdom.
Selected recent research:
- Chinese D-SIB's additional capital requirements likely to have limited impact on smaller, riskier banks
- Bangladesh Bank calls on state-owned banks to boost capital buffers, higher credit disbursement likely to affect asset quality
- Malaysia and Thailand outline rules for mutual bank entries; lower barriers likely to boost speed of expansion
- Sri Lanka's loan moratorium extension to end-2021 to continue to hide bad loans
- Thailand's central bank eases loan classification and provisioning guidelines until 2023, reducing banks' capital needs temporarily
S&P Global Market Intelligence
Brian Lawson
Senior Consultant
S&P Global Sustainable1
Rick Lord
S&P Global Sustainable1
Head of Innovation Methodology
Rick holds a Masters in Environmental Economics from Imperial College London and a Bachelor’s of Science from Queensland University of Technology.
S&P Global Market Intelligence
Sophie Malin
Senior Economist, Pricing and Purchasing
Sophie Malin is a senior economist with the pricing and purchasing service, at S&P Global Market Intelligence.
Sophie Malin is a Senior Economist with the S&P Global Market Intelligence Pricing and Purchasing Service, responsible for analysis and forecasting relating to the EU and APAC labour markets. Sophie received her Bsc in Economics from the University of Swansea, with a year studying business, law and economics at the University of Alberta. Previously, she worked at Intellect SEEC, an Insurance Technology provider.
S&P Global Commodity Insights
Sambit Mohanty
S&P Global Platts
Senior Editor, Oil News and Analysis
Sambit Mohanty is an Editorial Lead for Petroleum News at S&P Global Commodity Insights, responsible for leading news and analysis out of Asia-Pacific for Platts Oilgram News. He also writes on other regional commodity markets. He is the lead author of the recent S&P Global's special report on Make in India and its impact on energy and commodities. Sambit is based in Singapore and has two decades of experience as a senior editor analyzing commodities and energy trends in the region. He holds a Masters’ Degree in Applied Economics.
S&P Global Commodity Insights
Swati Mathur
Associate Director, Agribusiness Consulting
S&P Global Market Intelligence
Sampath Sharma Nariyanuri, CFA
S&P Global Market Intelligence
Research Analyst
Sampath Sharma Nariyanuri, CFA, is a financial technology research analyst supporting 451 Research, a technology research group within S&P Global Market Intelligence. He is responsible for producing proprietary analyses of digital payments and digital banking sectors in Asia-Pacific. Additionally, he tracks global real-time payments and fintech funding trends.
Sampath publishes in-depth market reports and articles, which estimate the market opportunities, evaluate the emerging business models and assess the implications of the digital transformation of financial services for industry stakeholders.
Prior to the fintech analyst role, Sampath worked as a news editor at SNL Financial/S&P Global Market Intelligence for more than seven years, covering banks, fintechs, insurance companies and asset managers. His previous experience includes working as a senior reporter at Outlook Profit and as a market data specialist at Reuters.
Sampath has been quoted in The Wall Street Journal, the Financial Times of London and The Times of India, among other media publications. He is a CFA® charterholder and holds a post-graduation diploma in online media from the Asian College of Journalism in Chennai, India.
S&P Global Ratings
Jose Perez-Gorozpe
S&P Global Ratings
Head of Credit Research Emerging Markets
Jose Perez-Gorozpe is the Head Credit Research for Emerging Markets and chairs the credit conditions committee for Emerging Markets. Credit Conditions Committees meet quarterly to review macroeconomic conditions in each of four regions (Asia-Pacific, Emerging Markets, North America, and Europe, the Middle East, and Africa). Discussions center on identifying credit risks and their potential ratings impact in various sectors, as well as borrowing and lending trends for businesses and consumers.
Jose also chairs the Emerging Markets Risk and Research Hub. This Hub coordinates our economists, research analysts and senior practice representatives to determine our house view on key macro and credit trends.
Jose spent ten years as part of the Financial Institutions analytical team in Mexico’s City office. He was responsible for the analysis of several financial systems in Latin American countries including Brazil, Chile Colombia, Peru and Mexico. He also performed credit rating analysis for several insurance companies and the largest banks in the region. Previously, he was responsible for the analysis of various local and regional governments, other public entities and water utilities for the International Public Finance Ratings team.
Jose joined S&P Global Ratings in November 2003 and holds a BA in Economics from Instituto Tecnológico Autónomo de México (ITAM) and a Master’s Degree in Banks and Financial Markets from Universidad Anahuac.
S&P Global Market Intelligence
Prem Premakumar
Director, Industry Insights
S&P Global Market Intelligence
Aries Poon
S&P Global Market Intelligence
Director, Head of Asia-Pacific Insights and Analysis
Aries oversees a team of economists and country-risk experts for S&P Global Market Intelligence.
His team provides comprehensive economic forecasts, country-risk scores, and geopolitical analyses on 48 economies across Asia-Pacific. Aries has published widely on a range of topics, from China's banking system and energy sector to Asia-Pacific's semiconductor industry and the global green bond market. He previously worked as the editorial lead, also at S&P Global Market Intelligence, overseeing the coverage of banking, insurance, financial services and real estate in the Asia-Pacific.
Before joining S&P Global in 2018, Aries had worked for the Wall Street Journal as the chief of its Hong Kong and Taipei newsrooms. He was also a finance editor at Caixin Global in Beijing. A Hong Kong native, Aries has a Master of Public Policy from the University of Oxford. He is also a lecturer for the Global Studies undergraduate program at the Chinese University of Hong Kong.
S&P Global Market Intelligence
Chris Rogers
S&P Global Market Intelligence
Head of Supply Chain Research
Chris Rogers is Head of Supply Chain Research at S&P Global Market Intelligence. He has over 25 years of research experience, including more than a decade covering global supply chains. He has worked at firms including Panjiva (acquired by S&P Global in 2018), Bloomberg, JP Morgan, and most recently freight forwarder Flexport. His coverage includes corporate decision-making, international trade policy, and logistics network operations.
S&P Global Market Intelligence
Annie Sabater
Associate Industry Expert, Central Data
S&P Global Commodity Insights
Juan Sacoto
Senior Vice President and Head of Agribusiness Consulting, North America
Juan Sacoto is Senior Vice President and Head of Agribusiness Consulting, North America, S&P Global Commodity Insights
uan Sacoto, Senior Vice President and Head of Agribusiness Consulting for North America with over 25 years of industry and consulting experience. Mr. Sacoto's experience involves business strategy, risk management, market feasibility and competitiveness, economic modeling & forecasting, economic development and M&A due diligence. Mr. Sacoto has extensive experience across several regions (US, Canada, Mexico, Brazil, Argentina, China, Japan, Korea, Ukraine, Russia, and Southeast Africa) and is fluent in English and Spanish. Mr. Sacoto received his bachelor's degree in finance and postgraduate degree in business (MBA). Selected ExperienceConsulting and Research: Led and managed a wide variety of regional and global projects across most agribusiness segments including biofuels. - Agriculture inputs - Grain and oilseed processing, animal feed, livestock and meat - Biofuels and biofuel feedstocks (vegetable oils, low carbon feedstocks and new feedstocks) - Sustainability and carbon sequestration- Agribusiness/commodity supply chain economics (grains, proteins, processing, etc.) Strategic Planning: Worked with clients to develop strategic plans for new investments, future growth, new product introduction, risk management, M&A, and general strategic direction. Due Diligence: Performed market and financial due diligence analysis for financing and investment purposes in biofuels, animal waste/rendering, biofuel feedstocks and broader agribusiness.Modeling and forecasting: Develop short-term and long-term supply/demand forecasting analyses for global biofuels and biofuel feedstocks as well as related supply chains.
S&P Global Market Intelligence
Tasnim Safian
Economist, Industry Insights
S&P Global Market Intelligence
Tom Scott
Vice President, Agribusiness Consulting
His work involves taking medium and long-term outlooks for global and regional environments and applying them to decision making situations. His specialties include business strategy, agribusiness economic development and market analysis. In addition to his work in North America, he has extensive experience in the agribusiness sectors of other regions. Before joining us in 1989, Tom worked for the Continental Grain Company in roles including management, trading, logistics and merchandising. He has a bachelor's degree from Cornell University and a master's degree in business administration from the Amos Tuck School of Business Administration at Dartmouth College.
S&P Global Market Intelligence
Hafiz Noor Shams
Associate Director, Economics
Hafiz Noor Shams is an Associate Director within the Comparative Industry Service at S&P Global Market Intelligence.
Hafiz is responsible for maintaining forecasts for several global industries, as well as monitoring several Asia-Pacific economies tracked within the Comparative Industry Service. He joined S&P Global Market Intelligence in 2021. Prior to joining S&P Global Market Intelligence, he worked with the Finance Ministry of Malaysia, and with the Financial Times.
Hafiz holds a Bachelor of Science in Economics from the University of Michigan, and a Master of Economics from the University of Sydney.
S&P Global Mobility
Gaurav Sharma
Senior Analyst, Automotive Sales Forecast
S&P Global Sustainable1
Kuntal Singh
ESG Innovation and Analytics Manager
S&P Global Market Intelligence
Ashima Tyagi
S&P Global Market Intelligence
Economics Associate Director, Pricing & Purchasing
Ashima Tyagi is an economics associate director at Pricing & Purchasing Service, Global Intelligence & Analytics
Armed with more than 14 years of all-rounded experience in leadership roles within the commodities space, Ashima currently holds the position of Economics Associate Director in the Pricing & Purchasing team, at S&P Global Market Intelligence, based in Singapore.
Ashima's expertise lies within the metals and mining domain, especially on steel markets, encompassing macro-economic research, pricing, procurement strategies & data analytics. She has several white-papers, podcasts, live TV interviews, print media interactions and conference presentations to her credit, wherein she offers her independent and unique perspective on macro developments, steel's linkages to economic growth within various industrial segments, global value chains as well as international trade.
In her previous role, she served as Assistant Director at the Indian Steel Association, New Delhi, representing at the highest levels in the Government of India offices as well as international industry bodies like World Steel Association. Ashima has a masters in Business Administration degree from Amity Business School, New Delhi and a bachelor's degree in Economics from Shri Ram College of Commerce, University of Delhi.
S&P Global Sustainable1
Cornis van der Lugt
Senior Manager, ESG Research