Impact of COVID-19 on Indian Economy

Impact of COVID-19 on Indian Economy

Covid-19, Economy
Sources – KPMG, EY, Nomura, MoSPI   India’s real GDP decelerated to its lowest in over 6 years in 3Q 2019-20, and the outbreak of COVID-19 posted new challenges. Government has taken steps to contain the spread, such as nationwide restrictions for 21 days and a complete lockdown of the states have bought all the economic activities to standstill barring the essential services. This has an impact on consumption and investments. While Indian businesses, barring a few sectors, can possibly insulate themselves from the global supply chain disruption caused by the outbreak due to lower reliance on intermediate imports, their export COVID-19 infected nations could take a hit. In sum, the three major contributors to GDP – private consumption, investments and external trade, will get affected. Three scenarios can be…
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The Bulb | An Analysis of Business Idea Validation

The Bulb | An Analysis of Business Idea Validation

Start-Up
Introduction Everything starts with an idea and it depends on what you do with that idea, and what steps you take to turn your idea into a reality. Before we go into the details let’s define “What a business Idea means?” As there is no authentic definition of the idea, we can define it as under “A business Idea is a unique concept that can be used for solving problem(s) being faced by potential customers and may be used for financial gain.” Identification The best way to arrive at a good startup idea is not trying to think up new startup ideas – that would be the wrong way. The ideal way is to look for problems and needs, preferably problems and needs you have faced yourself. Alternatively, it could…
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Choosing the Right Legal Structure for Your Start-up

Choosing the Right Legal Structure for Your Start-up

Start-Up
Introduction No matter what your business is, you need a basic legal understanding and the ability to see what you really should have done and should do in future. As a startup, you invest every minute in growth and related activities, and thus, legal matters of the business often get ignored. This leads to common legal mistakes that impact your company’s success or failure in the long-run. Hence, it is prudent to be aware of the legal matters of your business from the start. Starting from the correct choice of a legal structure to know about the registration process for the same, and finally, decide on the right location for establishing your entity – all these aspects need your attention. Of course, to get all your assumptions and decisions checked, you must seek advice…
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