MyTake

In the month of January, the prime minister of India, Narendra Modi launched Startup India Action Plan to encourage entrepreneurship and to facilitate startups. This Action Plan consists of detailed scheme of things and addresses the issues relating to obstacles which generally entrepreneurs have been facing. The bureaucratic hassles, problems in raising finances, and availability of networks to reach out to the customers have affected the conversion of idea into reality for many new starters. The fight between big and small, old and new has also been one of the deterrent to start a new venture.  Ever since the NDA Government took the office they have been pushing the industry and inviting foreign investments to boost economic growth. It has also created a positive market perception and corporates have welcomed the initiatives, though the hassles like passing of GST Bill by the parliament has posed political challenge and discouraged industry as a whole. It was around six ...

It is about eighteen months that the new government took over the charge. The manifesto which the present government prepared and presented had a huge promise through the catchline of Achchey Din (good days). Month after month media kept writing about the gap between the promise, policies and practice. The government has been on toes for providing a boost to the economy and to send across a strong message that they are committed to bring Achchey Din . There were surging effects witnessed in the market and the steps so taken were being building positive business sentiments across different sectors of economy. Different agencies got interested in sharpening their eye towards economic growth that was projected.  The World Bank recently has put forth positively a strong scenario for Indian economy, better as compared to our mighty neighbor China. It estimates that India is going to grow at 7.5 per cent in the current fiscal so far as its GDP is concerned. It is the result...