Finally, some good news has come. The industry feels that the GST Council has finally heard their appeal. This is followed by many expressing hope that soon more positive figures will emerge in the industry. However, we are yet to see how soon the benefits will be transferred to the consumers. What we can sense as of now is that the days of complaints are over, though there is clear indication that more measures are still required.
More could happen, and it is likely that more optimism will prevail despite the poor economic forecast. Some of the prominent industry stakeholders we spoke to admitted that the figures will be around, but this doesn’t mean that they will be without challenges. Amidst these, what is most interesting is the enthusiasm and vigour among the startups in the industry which they have combined with great sophistication. What we, however, have observed is the need for the government to do more so that our talents and innovations are incubated and nurtured, only then we will be home to another Silicon Valley.
It’s evident that we need more successful businesses so that some of the major concerns are addressed. This will also result in the business community helping the state address several social as well as environmental issues caused by increasing human activities. A country like ours, with such massive population and demographic diversity, cannot afford to be bogged down. It has to reinvent itself to ensure that the defined objectives are achieved.