The analysis by PHDCCI was based on the IMF database on the GDP growth of the countries according to their GDP growth rates for 2019, 2020, 2021, and 2022 and the projections for 2023.
"It's a huge shock, but at the same time, a huge opportunity, I think, for Indian ecosystem, to have its own bank for the money which is being used by Indian startups to be in India," said Saket Dalmia, President, PHD Chambers and Commerce and Industry.
"ECGC is reluctant to issue the coverage to EXIM bank because of the default committed by Sri Lanka and Zambia. This is adversely affecting the overall export performance of Indian exporters,"
said PHDCCI President, Saket Dalmia.
Saket Dalmia, President, PHD Chamber of Commerce and Industry, said there must be focus on decriminalisation and reduction in costs of doing business. For financial mistakes, there should be financial redressal such as penalties and not imprisonment, according to a statement from the indu
In its interaction with Revenue Secretary, the industry body suggested measures related to direct taxes and indirect taxes for the growth and development of Indian economy.
Kant, G20 Sherpa India, appreciated PHDCCI for organizing the first interaction with the G20 officials and the industry, after the launch of the official logo and theme for India's G20 Presidency by the Prime Minister earlier today.
The president of the industry body on Wednesday said calibrated efforts undertaken by the government and Reserve Bank of India (RBI) have significantly impacted the escalation in the wholesale prices.