With the Government’s reforms drive and resolve, scalable improvement in ease of doing business holds the key to enhance investment attractiveness of the Indian economy and help attain higher GDP growth as also spur job creation in a sustainable manner.
To realise the Prime Minister’s vision of positioning India among the top 50 countries globally for ease of doing business in next two years, the Government has recently undertaken a number of measures including the launch of e-biz portal to integrate 14 regulatory permissions at one source, rationalization of tax procedures, simplification of labour regulations and creation of appropriate skill development ecosystem.
Given the thrust on landmark reforms like “Make in India”, both Government and industry have endorsed that the focus on improving the Ease of Doing Business in India has to take priority.
In light of the recent industry friendly policy changes, this issue of Policy Watch is an endeavor to get industry views on the current scenario and outlook on the overall Ease of Doing Business in India.