Corporate India's Reaction on Modi's Comeback
Vivek Tiwari, MD & CEO, Satya MicroCapital
Start-up enterprises are going to play a vital role in the success of the country. To boost the start-up ventures in India, Government should aim at facilitating ease of business to start ups which can be done through easy compliances and tax holidays. In addition to this Government should target to arrange easy and low cost funds access to start ups through specially focused funds as well as relaxed guidelines for FDI for start-ups. Since Start-ups will play an important role in generating employment in the country as well, Government should also frame incentive schemes for start-ups for providing subsidies in various forms.
Siddarth Bharwani, VP - Brand & Marketing, Jetking Infotrain
India Inc. is witnessing a growth in younger populations who are career-driven and lay emphasis on entrepreneurship. In the last five years, India has been under a progressive leadership which has laid out substantial ground work and foundation to transform the country into a super power. Initiatives like Skill India and Digital India initiated by NDA Govt. are two of the most powerful initiatives promoting economic growth and providing avenues for development for our growing young population. Such initiatives have resulted in the growth in the employability rate by almost 40% in the IT sector since 2014. With this trajectory of progress, around 2.5 lakhs jobs will be generated in just this year alone. We are happy to be associated with these initiatives in the past and are now looking forward to continuing on this mission.
Akhil Shahani, Managing Director, The Shahani Group
We appreciate the efforts of the government to facilitate industrial growth in the education segment during its previous term, and expect that with its reappointment, it will renew its drive to bring about rapid and significant development in the sector. A key factor that plays a role in this growth is the availability of skilled and trained workers, which continues to be lacking. To address this urgent need, we hope that the government implements a number of much-required reforms in the education sector, in order to ensure that India has the talented workforce that can help sustain its continued growth
Saurabh Saxena, Country Director, Micro Focus India
India's rich diversity, demographic potential, fast-growing market size and digital infrastructure have potential to make India a global hub for research and implementation. With initiatives like Digital India, Make in India, AI council, etc. the Government had set a great precedent in accelerating the era of digital transformation and Industry 4.0. Though some of the economic policies created a blizzard of controversy, they successfully paved a path to use science, technology and innovation skills for the citizen services as well as to boost the indigenous innovations, achieving synergy between various industries and scientific research. This was reflected in a historic movement as the World Bank's latest Ease of Doing Business Reported India's rise to 77th rank, up from 100 within a year. Introduction of technology in the sphere of governance has brought in greater transparency, accountability, and monitoring. With the second term, we expect the government to utilize the mettle of India Inc and emerging technologies like AL, ML, IoT and Big Data to solve socio-economic issues of the country. The need of the hour is also to pursue with more vigour important initiatives like deregulation and privatization of state-owned companies along with reforms to modernize labour markets to uplift the job scenario in the country. There are mounting possibilities and expectations for the Government, we look forward to the Centre to now lead us into a better connected world.
