Red tape grounds P2P startups as investors stay clear of space

Red tape grounds P2P startups as investors stay clear of space Read more at: //economictimes.indiatimes.com/articleshow/67332449.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst ======================= My take [ P2P Lending Regulations – 29 April 2016 ] : https://myblogepage.blogspot.com/2016/04/p2p-lending-regulations.html · Can " Companies " register on P2P platforms as either Lenders or as Borrowers ? · Can American / European / Japanese citizens become lenders on Indian P2P platforms and lend money to Indian borrowers ? · Globally , loan default rate for P2P platforms is under 1 % My suggestion ( to enable FDII- Foreign Direct Investment by Individuals ) has the potential to bring back those $ 501 billion that Indians have secretly stashed abroad No rocket science here ! · FDII will raise that number of Self Employed , enormously · FDII will turn India into a " Low Cost Economy " , thereby boosting · Exports and taking GDP beyond 10 %