PROBIZ International - Vol-1 Probiz File final | Page 3

from the Editor India Beyond India eginning this Independence Day, we are embarking on a project to launch a new platform PROBIZ Int. for business and commercial community that is contributing to make India the fastest growing economy in the world – A digital platform to address all the challenges and demands of a growing economy. To be the biggest market isn’t an asset in itself unless we attempt to quench the thirst of this fast growing economy. Make in India, Skill India and every other effort by the government can only be as good as the people implementing it, businesses executing it and the masses embracing it. PROBIZ Int. intends to address the issues facing today’s India and tomorrow’s businesses. The economy of India is a developing mixed economy. It is the world’s sixth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP). The country ranks 139th in per capita GDP (nominal) with $2,134 and 122nd in per capita GDP (PPP) with $7,783 as of 2018. Lead by the economic reforms of 1991 economic liberalisation, India in FY 2015 and 2018 became the world’s fastest growing major economy, surpassing China. The long-term growth prospective of the Indian economy is positive due to its young population, corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India topped the World Bank’s growth outlook for the first time in fiscal year 2015–16, during which the economy grew 7.6%. Despite previous reforms, economic growth is still significantly slowed by bureaucracy, poor infrastructure, and inflexible labor laws (especially the inability to lay off workers in a business slowdown). At PROBIZ Int. we intend to highlight the challenges, analyze economic decisions and shed light on the possible solutions in the views of economists, entrepreneurs and specialists of national and international repute. Our survey segment will be the voice of the business and consumer community as we hope to address issues that spell new set of problems; and we intend to go beyond the problems and look at feasible solutions – be it for government, public or private sector. So join us this Independence Day and seek solutions that are within us, by us and for us. Vigyan Arya PROBIZ I n t e r n a t i o n a l Vo l . 0 1 , N o . 1 August 2018 Managing Editor Vigyan Arya Associate Editor Indu S Assitant Editor Kanika Chauhan Contributing Writers Avi Arya Simran Nijhawan Garima Kotroo Design Indus Inc. Design House Advertising & Marketing [email protected] Editorial Production & contant Indus Inc. This publication may not be reproduced or transmitted in any other form in whole or in part without the written permission of the publisers. The publisers regret that they cannot accept liability for errors or omissions contained in this issue. The opinions and views expressed within this publication are not necessarily those of the publishers. Readers are advised to take specialist advice before acting on information contained in this publication, which is provided for general issue and may not be appripiate for readers’ particular circumstances. August 2018 3