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Topic: ease of doing business
If Narendra Modi wants to double farmers’ incomes, then the Centre has to create a system that can rank states according to agricultural performance.
The attitude of the government, which looks at profit-making as the anti-thesis of socialism, has not changed in the last 25 years.
The government introduced 2 bills in Lok Sabha this week, which will consolidate earlier legislation seen as impediments to attracting investment.
A long-standing demand of investors has been to reform India’s outdated labour laws and do away with the ‘inspector raj’ system.
If policies are based on insufficient evidence, this may lead to wastage of India’s already low state capacity.
While the BJP manifesto or ‘Sankalp Patra’ includes a bit of populism, it largely projects the party as a facilitator for aspirational classes.
Compliance and regulatory scrutiny ranked as the biggest challenge, up from fourth position two years ago, according to a survey of India’s 100 top executives of mid- to large-sized companies.
Kumar says measures are needed to bring in a large section of those working in the unorganised sector within the formal stream.
Union Home Secretary Rajiv Gauba said that a friendly visa regime is a part of fostering “ease of doing business”.
Ease of Doing Business rankings paint a misleading picture, but Modi government wants to focus on appearance over reality.