• Acknowledging the steps being taken by India for sustainable and inclusive growth as well as support to global economy, the G20 has praised the initiatives in the country for promoting ease of doing business, start-up funding and labour reforms.
• In its Hamburg Action Plan, adopted at the G20 Summit, the group also noted that “in the financial sector, India is popularising a number of derivative instruments in exchanges or electronic trading platforms” as part of the measures to enhance resilience of its economy.
• It further said India is facilitating external commercial borrowings (ECBs) by start-ups to encourage innovation and promote ease of doing business, as part of the efforts being taken by the G20 members this year for maintaining momentum on structural reforms and sustainable growth.

Source:TH