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Boosting Economy & Economic Recovery & Investor Friendly &…

- - - - Big Business Houses
        
        major contributor to GDP
        
        large employment generators
      - MSME
        
        Lifeline of the country
        
        generating wealth
        
        for middle class
      - Star-ups
        
        bring innovation and transformation
        
        to country´s economy
      - NRI and OCIs
        
        bring huge investment into India
        
        should be treated as Resident of India
        
        Direct investment
        
        should be incentivised
        
        Plug-and-play model
        
        ensure don't spend lots of time
        
        getting approval to start business
        
        Tax exemption
        
        on dividends, interest on banks deposits
        
        income from mutual funds by NRI
        
        if such income
        
        reinvested back in India
      - Challenges
        
        Investor´s concerns
        
        over policy flip-flops
        
        India must ensure
        
        regulatory certainty
        
        while seeking
        
        to woo global investors
    - - single one-time window
      - restructuring business loans
      - by all Banks
      - won't be questioned
        
        in their business decision
        
        to encourage credit flows
    - - prepare a 5-year plan
      - assist companies
        
        move manufacturing
        
        out of china to India
      - setups global trading hub
      - Industrial cities
        
        earmark space for
        
        Manufacturing, commercial, educational
        
        residential and social Infrastructure
      - Encourage sunrise sectors
        
        battery manufacturing
        
        solar panel manufacturing
      - Impetus to Deep Tech
        
        Blockchain,robotics,AI,ML,AR,CS,Big Data
      - provide support
        
        to start-up ecosystem
      - GST rate
        
        old vehicle scrap policy
        
        with tax incentives
        
        creating demand for new vehicles
      - Plug-and-play model
        
        MH adopted for model for Foreign Investors
      - Migrant Laboures
        
        reform in labours laws
        
        health insurance
    - - Lower
        
        oil, gold, chinese goods imports
        
        made india current account surplus
      - Foreign exchange reserves
        
        about to exceed
        
        foreign exchange debt
      - Global firms
        
        opening up their purses
        
        for direct and portfolio investment
    - - Monetary Policy
        
        credit transmission
        
        needs to improve further
        
        cost of borrowing
        
        needs to be lowered
        
        for below-AA rated borrowers
      - Fiscal Stimulus
        
        supported growth
        
        at bottom of pyramid
        
        require more support
        
        for travel, tourism, hotel, retailing, aviation, infrastructure etc
      - Rasing non-tax resources
        
        from strategic divestment
        
        monetisation of assets and
        
        unlocking capital
        
        stuck in idle gold.
      - Ease of doing business
        
        improved but
        
        rule of law
        
        need to be improved
    - - Software Technology Parks of India (STPI)
      - investing in setting up
        
        office and connectivity
        
        infra across several cities
        
        offering small tech firms
        
        plug-and-play facility
      - Govt
        
        offering grants and
        
        incubation opportunities
        
        to start-ups
        
        as part of its
        
        Next Gen Incubation Scheme
  - - - expected to contract 10.3%
      - in the current fiscal year
      - due to COVID-19 pandemic
      - according to IMF
    - - projected to shrink 4.4% in 2020
    - - 13% increase in FDI flows in first 5 months
      - reflective
        
        global investor community´s confidence
    - - rated India much below expectation
      - do not reflect
        
        Indian economy fundamentals
        
        biased credit rating
        
        damage FPI flows
      - like S&P, Moody’s and Fitch
  - - - corporate funding in elections
      - political dispensation
        
        keeping a degree of control
        
        adopted
        
        carrot and stick policy
        
        vis-a-vis capital
    - - citizens see a company
        
        not as a product of
        
        its excellence and service delivery
      - but as a beneficiary
        
        of govt largesse
- - - - among corporates
      - credit flow
        
        impeding risk aversion
        
        among bankers
    - - India offers
        
        gamut of benefits
        
        returns with reliability
        
        demand with democracy
        
        stability with sustainability
        
        growth with a green approach
    - - no democracy
        
        grown economically
        
        without corporate capitalism
      - helps
        
        in modernising economy
        
        enabling
        
        transition from rural to urban and
        
        agriculture to industry and services
        
        which are inevitable with growth.
      - generates jobs
        
        no other way to fix
        
        India´s unemployment challenge
    - - business tourism
      - draws domestic and international
        
        tourists to a destination
      - stands for “Meetings, Incentives, Conferences and Exhibitions”
      - boost
        
        economy of a whole city, country, region
- - - - must not be seen
      - as favouring set of companies
      - over the others
    - - must be accountable
      - and follow law
        
        in both letter and spirit
    - - clean, reformed capitalism.