ABSTRACT
The ease of doing business thrust holds the key for higher economic progress and, clearly, businesses have to grow, expand, and thrive for emerging developing economies to catch up with the developed world. While India’s services sector has shown high rates of growth, manufacturing has lagged behind for many reasons. High employment generating sectors like textiles, leather industry, and tourism need to reposition themselves in the global competition for markets. Alongside the economic growth challenges, there has been a very strong voice against growing inequalities and a need for a more shared growth, and a more inclusive society. Experimentation in higher order credit for such nano enterprises under the Start-Up Village Entrepreneurship Programme has worked well, as the first evaluation is indicating. Public policy has often taken calls without looking carefully at the evidence. The greatest contribution that corporates make to lives and livelihoods is in direct and indirect job creation.
