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9 years ago
New Delhi: The government's 'Start-Up India' initiative is aimed at promoting bank financing for start-up ventures and offering incentives to boost entrepreneurship and job-creation. CEOs and founders of top start-ups will be part of the event.
Arun Jaitley on Economy

1) World economy has slowed down. We can take a limited satisfaction, that even in a crisis like situation in the world, we are growing much faster

2) Government has limited scope to create jobs

3) Want to restrict the role of states in entrepreneurship

4) World universally recognizes us as probably fastest growing amongst the major economies, but then we are not without our own challenges

6) PM's own idea was that start ups need to be encouraged. Both the banking system and government will make the resources available

7) We are fully conscious of the adverse situation in which we are struggling to keep respectable growth rates in Indian economy

8) Weak private investment, weak monsoon and weak global economy are challenges to Indian economy


Finance Minister Speaks
  • We ostensibly broke away from "license raj" in 1991, concieved with idea that government will decide which businesses can run.
  • When PM Modi was voted to power, if I look back at the changes and the direction we have moved in, some of them are extremely significant




PM will formally inaugurate the "Start up India" campaign in the evening today

Finance Minister Arun Jaitley Speaks at Start Up India event


Start Up Session Begins


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