The previous quarter of FY2016 registered the fastest GDP growth in the past five years at 7.9 per cent. This was largely driven by improving performances in the agriculture, mining and power sectors.
The ´ease of doing business´ rankings released by the World Bank have indicated a minuscule improvement for India to a rank of 130 owing primarily to better points in ´starting a business´ and ´getting an electricity connection´.
To enhance the ´ease of doing business´ in the construction sector, MoUD has asked 13 more cities with airports to enable integrated online approval of building plans during the current financial year. These 13 cities are among the 15 cities for which the Airports Authority of India has evolved colour coded zoning maps for according NOCs in respect to height of construction projects.