Ease of doing business still cumbersome at grass-root level: Survey

However, it said that significant recovery in corporate performance is expected in 2021-22 as the government's pro-growth initiatives and announcements have helped nurture the animal spirits of the sector, according to a CII survey

Cumbersome ease of doing business at the grass-root level and high cost of doing business is affecting the animal spirits of the private sector, according to a survey by industry chamber CII released on Sunday. However, it said that significant recovery in corporate performance is expected in 2021-22 as the government's pro-growth initiatives and announcements have helped nurture the animal spirits of the sector, according to a CII survey.

"Responding to the question on what is affecting the animal spirits of the private sector, majority of the CEOs (51 per cent) indicated that ease of doing business was still cumbersome at the grass roots, followed by cost of doing business (other than capital cost) being high, as indicated by 32 per cent of the CEOs," CII said in a statement. About one-third of the CEOs indicated that the current capacity is still in excess of demand, it added.

‘Start-up culture in India now vibrant’

Prime Minister Narendra Modi said on Sunday the start-up culture has beco-me very vibrant in India with youngsters in even smaller cities embracing it, and asserted that it is a sign of India’s bright future. He also said that space sector reforms have caught people’s imaginati-on and expressed confide-nce that youngsters from universities, labs and other sectors will develop a large number of satellites.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!