While India has seen success in the Ease of Doing Business in the last decade but on the ground, it is often said that it is not felt. What are your plans to take it forward?
India has been making a lot of strides in Ease of Doing Business since 2014, when the reform agenda was set by Prime Minister Narendra Modi. At that time, it was completely unheard of that India in the next four to five years of the ‘Doing Business Report’ would have scored anywhere and be one of the highest performing nations in the world. We were in the top bracket, all those five years in terms of improving our performance, and that jump of 79 positions we see today is because of the concerted efforts that the government put towards the reform agenda.
Since then, lot of things have happened in the reform ecosystem. The Government of India (GoI) and the DPIIT, understood that merely business reforms, as mandated by the World Bank were not enough. So, we created something unique, the Business Reform Action Plan that was rolled out from 2015 onwards. We are in our sixth edition now and the Business Reform Action Plan looks at simple reforms that are required for both big and large businesses, and small steps that the state governments and central ministries could take to improve the business ecosystems.
Though substantial work has been done so far, a lot still needs to be done. During our interactions with various stakeholders, industry associations, we often hear about the requirement to reduce the cost of doing business. And I think our next agenda of the reform ecosystem is directed towards that and we believe that is the right step now.
هذه القصة مأخوذة من طبعة February 25, 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة February 25, 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
