NEW IPR POLICY

FICCI welcomes the announcement of the much-awaited IPR Policy for India. The Policy correctly identifies IP as a strategic tool for furthering India’s economic goals and therefore recommends for the effective protection of IP rights as an essential element for making optimal use of innovative and creative capabilities of its people.

GDP GROWTH ESTIMATED AT 7.7% FOR 2016-17

The results of latest round of FICCI’s Economic Outlook Survey puts across a median GDP growth forecast of 7.7% for the fiscal year 2016-17. The growth in 2016-17 is expected to be supported by an improvement in the agricultural and industrial sector performance. Prediction of a good monsoon after two consecutive years of sub-optimal rainfall backs the improved outlook in the current fiscal.