Indias GDP growth likely at 7.7% in FY 2017: FICCI
The Dollar Business Bureau Indian GDP growth is estimated to grow at 7.7% for the financial year 2016- 17 as per the Economic Outlook Survey conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI). The growth is likely to be supported by the enhanced performance in the agricultural and industrial sectors. After two years of drought, the prediction of good monsoon this year is the main reason behind the positive outlook for this fiscal. The agriculture sector is projected to grow at 2.8%, the industrial sector is expected to grow at 7.1%, and the services sector is poised to grow at 9.6% in FY 2017, according to the survey. The forecasts for inflation is based on Wholesale Price Index (WPI) ...
Govt working to make start, exit easy for startups
Source: PTI The government is working to make it easy for budding entrepreneurs to start a business or exit from it, giving boost to the Indian startup ecosystem, Union Minister Nirmala Sitharaman said on Saturday. “I understand that starting a startup is as much important as somebody wants to exit from it. The government is working to make the exit also (easy),” Sitharaman said at the 'Startup India' conference in New Delhi. She said Finance Minister Arun Jaitley is working “hard” on the Bankruptcy Code. The Insolvency and Bankruptcy Code 2015, which seeks to provide an easy exit option for insolvent and sick companies, has been referred to a 30-member joint committee of the Members of Parliament for further scrutiny. ...
