Byapaar.com – The Indian Business Blog

As always, before I go into my personal post, lemme update you with some economic and business news from India –

• An Institute of Company Secretaries of India core group has recommended to set up rules for corporate governance which came into poor light when the Satyam scandal broke out. It seems the government has finally woke up to the ground reality of how lack of proper corporate governance rules can be so nakedly exploited by exectuives.
• The second important update is sharp fall in exports of merchandise products. India’s export for the month of March contracted by 14 to 20 percent from that of March, 2009. This was not unexpected though as Indian exporters fought hard for orders as most countries in the west are in recession. But the government and traders are optimistic about exports figure to remain at least static to that of 2008-2009 as G-20 summit have resolved to name and take action against protectionist countries.
• Another important business news is not particularly Indian, rather international but India is very much part of it and has huge bearings on its outcome. The G-20 summit held in London have pledged to raise $1.1 trillion to help countries in need during this tough economic scenario. It has also resolved to “name and shame” countries who are following a protectionist policy. But the US proposal for another round of stimulus package was not accepted by leaders of G-20 countries. There was also call for tighter financial regulations and tax havens are to be blacklisted from now on.
• The G-20 summit and some domestic measures has helped in raising the market as Bombay Stock Exchange sensitive index (sensex) was up by 447 points. All major international markets except FTSE of London also went up.

As we just read about all economic woes with countries hit by recession, business going downhill, is it wise of me to go for an Start-Up? I believe – this is the right kind of time for me to go for it. There are some reasons for my positive thinking.

• Firstly, the nature of my business. Well, you might have guessed it if you are a regular reader! I want to seriously enter the web world with domaining, blogging, SEO service, content writing services. As the global economy is going through a rough time, more and more businesses and companies will llok for greater reach and embrace e-commerce thus more opportunities for web service providers. The market can not go much downhill from present state. Indeed I expect the web to grow faster once global economy shows signs of recovery. Hence, more and more money will be spent for online advertising.
• The second point is – you need loans for your business and this is just the right time to get them. With governments taking step after step to stimulate the economies, interest rates very cheap (in fact I expect it to go down more) – there is now no problem in securing fast small business loans. As my business involves only buying some computers and setting up a small office, I don’t need huge amount o loans.
• With changing business environment, everything is becoming really cheap including real estate.

So, isn’t it the right time for me to mull over a small start-up? What do you say? :p