Dear Mem­ber,

Assocham Bulletin - - ASSOCHAM -

Growth is a ne­ces­sity but con­sis­tency and sus­tain­abil­ity are the key fac­tors for real growth. We need to look way ahead while set­ting up a business to meet the ever-chang­ing mar­ket de­mand. So it is en­trepreneur's re­spon­si­bil­ity to look ahead of times, to achieve long term goals of a business by work­ing to­wards in­no­va­tion, de­vel­op­ment, de­ploy­ment, com­mer­cial­iza­tion of new prod­ucts & ser­vices driven tech­nol­ogy for a sus­tain­able im­pact on eco­nomic growth.

The Whole­sale Price In­fla­tion (WPI) eased a bit in April 2018, stand­ing at 3.18% as com­pared to cor­re­spond­ing month of the pre­vi­ous year, which was 3.85%. How­ever, it is was still on a higher side as com­pared to March, 18 (2.47%).The ease in WPI num­bers may have cor­re­spond­ing im­pact on CPI but rise in the price of es­sen­tial com­modi­ties will of­fer limited op­tion to rate cut by RBI.

Con­tin­u­ous in­crease in the prices of petrol and high speed diesel due to rise in prices of crude oil glob­ally shall have to be taken care of by the pol­icy mak­ers since it may have im­pact on im­port bills and sub­se­quent im­pact on ex­change rates.

ASSOCHAM con­tin­ued its ef­forts to high­light in­dus­try's con­cerns on num­ber of is­sues by or­ga­niz­ing var­i­ous the­matic events. ASSOCHAM or­ga­nized the sum­mit on ' ICT Start-Ups Awards-2018' where Mr. Ravi Shankar Prasad, Union Min­is­ter for Elec­tron­ics & In­for­ma­tion Tech­nol­ogy said that his min­istry is work­ing in a mis­sion mode to make In­dia's dig­i­tal sec­tor a $1 tril­lion econ­omy in next five years and a po­ten­tial to cre­ate 50 to 70 lakh new jobs.

ASSOCHAM also or­ga­nized the' An­nual In­dia In­vest­ment Con­fer­ence' where Mr. Neeraj Gupta, Sec­re­tary, De­part­ment of In­vest­ment and Pub­lic As­set Man­age­ment (DIPAM) was the Chief Guest. "In last few years, de­spite chal­lenges and trans­for­ma­tional de­ci­sions, the govern­ment is com­mit­ted to con­tinue to fis­cal dis­ci­pline and con­tinue higher growth", he said. When such an ap­proach is there, other sources of funds in the econ­omy be­come more and more im­por­tant. In­dia re­mains a fastest grow­ing econ­omy as the govern­ment has un­der­taken var­i­ous ini­tia­tives to build an ecosys­tem which is con­ducive for growth of in­flows from do­mes­tic and for­eign funds.

The coun­try's fu­ture prospects seem pos­i­tive based on the re­forms and the path for­ward.

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