There is ‘good buzz’ around our biz ecosystem: Sitharaman

Noting that steps were being taken to improve the overall business environment, Commerce Minister Nirmala Sitharaman on Friday said there is ‘generally good buzz’ around the ecosystem after the new government came to power. Sitharaman, who also holds industry portfoiio, said IIP (Index of Industrial Production) saw a growth of 2.8 per cent during the April-September period of current fiscal, after falling for the past three years. ‘There is a positive movement after the decline... Hope the trajectory of growth will keep going,’ she told the Lok Sabha during the Question Hour.

Noting that government is taking various steps to improve the ease of doing business and stimulate industrial production, Sitharaman said now, ‘There is generally good buzz around the ecosystem...’
Before growing 2.8 per cent in latest April-September period, IIP had seen negative growth of 0.1 per cent in 2013-14 period. It fell to 1.1 per cent in 2012-13 period from 2.9 per cent seen in 2011-12 period.