Union Commerce Minister Piyush Goyal has stressed the need to manufacture high-quality products, and said without this approach it is going to be very difficult to make India truly competitive. He emphasized that prioritizing quality would not only meet domestic demands but also position India to serve global markets. He added ‘It will impact our ability to create jobs, expand economic activity, and sustain India’s economic growth’. He urged industry leaders to embrace quality as a long-term movement, stressing that for India to become a globally recognized brand, its products and services must be synonymous with quality.
Goyal acknowledged the challenges India faces in adopting quality standards, particularly in the face of initial resistance when introducing quality control orders. However, he underscored that overcoming this opposition is critical for India’s economic future. He said ‘India will have to aspire to be recognized in the world as a brand, a product made in India, a service provided from India. If it can be recognized across the world that if it’s coming from India, it has to be good quality, that’s when we will truly be competitive globally.’
He stressed that a shift in mindset is necessary to drive a quality-centric approach across sectors. He remarked ‘The root cause is our thinking, the mindset of the nation’, pointing out that those organizations that embraced quality saw a significant transformation in their growth and profitability, while others that ignored it remained peripheral players in the industry. He shared statistics demonstrating the government’s efforts to push for higher quality standards. He said ‘In the last 10 years, we have expanded from 14 quality control orders covering 106 products to 174 covering 732 products’, and emphasized the push for industries to align with these standards despite initial resistance.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
