In 2017, India had clocked a 6.7 per cent growth rate.

A survey found that a fifth of 63 million small businesses faced a 20 per cent fall in profits since the GST rollout, and had to sack hundreds of thousands of workers.

The larger companies will make some noise, but will adopt it, because they have no choice and will start looking at productivity improvement and automation to compensate for the increase in costs. The MSME sector will be impacted.

The new policy proposes to revamp the Industrial Policy of 1991, and has been billed as the first major overhaul in nearly three decades.

The International Monetary Fund (IMF) believes the $2.6 trillion Indian economy is an elephant that is starting to run.

The Insolvency and Bankruptcy Code can lead to huge job losses in the short to medium term as many companies, including some big names, face liquidation.

Volkswagen suspended Audi boss Rupert Stadler and announced an interim replacement on Tuesday, seeking to steady its most profitable business after German authorities arrested Stadler as part of an emissions probe.

The Union Minister's statement came a day after Prime Minister Modi while speaking at the Niti Aayog's fourth Governing Council meet said that the economy has grown at a healthy rate of 7.7 per cent but the challenge now is to take this growth rate to double digits.