As one of the fastest-growing economies in the world, India stands at a crucial junction of major policy, economic, and socio-political transformations. Recent times have seen the unfolding of new economic & public policy marked by incentivization of private sector investments, sustainable urbanization led growth, infrastructure enhancement, growing focus on technology & innovation to boost overall productivity, and skill up-gradation of human capital.
FDI policies have been largely deregulated to attract more international capital and systematically, government-run public sector entities are being privatized. Numerous new schemes comprising of concessions, discounts, subsidies are rolled out at the central & state level to offer an enabling environment for businesses to flourish. The existing regulatory frameworks are streamlined and discrepancies are systematically plugged-in.
India’s commitment towards building a business-friendly sustainable environment has also been reflected in the jump in Ease of doing business ranking. In the last two editions of the World Bank’s Ease of Doing Business Rankings, the country has jumped by 37 positions to reach 63rd rank.
Post-COVID, the country has finetuned its regulatory & policy framework to play a larger & bigger role in the global economy and emerge as one of its key growth engines.
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