Begin typing your search above and press return to search.

India gets G20 praise on startup funding

By The Assam Tribune

HAMBURG, July 9 - Acknowledging steps being taken by India for sustainable and inclusive growth as well as support to global economy, the G20 has praised the initiatives in the country for promoting ease of doing business, startup funding and labour reforms.

In its Hamburg Action Plan, adopted at the G20 Summit of leaders from the world�s 20 largest economies, the group also noted that �in the financial sector, India is popularising a number of derivative instruments in exchanges or electronic trading platforms� as part of measures to enhance resilience of its economy.

It further said India is facilitating external commercial borrowings (ECBs) by startups in order to encourage innovation and promote ease of doing business, as part of the efforts being taken by the G20 members this year for maintaining momentum on structural reforms and sustainable growth. � PTI

Next Story