Finance minister Nirmala Sitharaman tabled the Economic Survey 2019 in the Parliament today, a day before Budget Day
The Economic Survey has pegged a GDP growth rate of 7% for FY20, up from 6.8% in the previous fiscal. The Survey, prepared by Chief Economic Adviser Krishnamurthy Subramanian projects the state of health of the Indian economy and outlines the challenges. The Indian economy is at a 5-year low of 6.8% in 2018-19 and the fourth quarter growth has slumped to 5.8% which is a 17-quarter low. Joblessness is at a high, consumption at a low as can be seen from the slow down in automobiles offtake, agriculture is in distress and will be compounded by the delay in and deficient monsoon. Expectations from the first budget of a government that has been returned to power with a huge mandate are naturally high and in inverse proportion to the state of the economy. Bold measures are necessary for course correction and this government has the mandate to do it.
Newskarnatka.com spoke to a cross-section of Members of Kanara Entrepreneurs Bangalore Chapter which comprises over 200 dynamic members from across industries such as Technology, Real Estate, Hospitality, Consulting, Law, Accountancy, and Infrastructure. Kanara Entrepreneurs is a non-profit, mutual benefit society chartered by individuals from the Kanara region in India. It was founded by Entrepreneurs to encourage, support, guide and nurture entrepreneurship for individuals originating from the Kanara region.
Membership is open to Entrepreneurs, Senior Corporate Executives and Senior Professionals of Kanara Region (either of the spouses should hail from the Kanara region) who have the willingness to share their strengths with others and the commitment to strive for the betterment of its members. In addition to various knowledge enrichment programs for the members, KE also conducts certificate programs in Entrepreneurship at the Christ University and St. Joseph's Institute of Management.
Watch what they have to say here (in English)
and here in Kannada
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