The Economic Times

Go slow on rate hikes: Make capital accessible and affordable to drive investment and job creation

India is witnessing a notable increase in active companies, driven by the easing of regulations and lower capital costs. The government's fiscal consolidation has led to a reduction in the general government fiscal deficit, which has encouraged entrepreneurship. Despite these positive changes, there are concerns regarding the impact on job creation and wage growth. Capital availability for smaller businesses has improved, facilitating their growth and expansion.