The report presents over 250 actionable suggestions throughout 14 crucial reform areas.
Developed by wide-ranging consultations with trade leaders, economists, and coverage specialists, the blueprint is aligned with the Authorities's Viksit Bharat imaginative and prescient. Its launch comes at a pivotal time, because the Prime Minister has referred to as for daring, second-generation reforms to unlock India's full potential.
The excellent 14-point reform agenda aimed toward accelerating India's financial development and competitiveness.
The agenda begins with macroeconomic coverage, emphasising fiscal prudence, efficient inflation administration, and modernised statistical methods. In public sector reform, CII advocates for the privatisation of non-strategic public sector enterprises (PSEs), the creation of a Sovereign Wealth Fund, and stronger governance mechanisms. To boost regulatory effectivity, it recommends necessary influence assessments to make sure new laws are evidence-based.
Bettering the benefit of doing enterprise is a key focus, with proposals comparable to decriminalising minor violations, introducing time-bound approvals, enabling single-window clearances, and implementing second-generation reforms to the Insolvency and Chapter Code (IBC).Issue market reforms embrace digitised land titling, streamlined labour codes, a coherent minimal wage framework, and fast-track dispute decision.In vitality coverage, CII requires aggressive tariffs, removing of cross-subsidies, improved transmission infrastructure, personal sector participation in nuclear vitality, and a roadmap for inexperienced hydrogen growth.For judicial reform, the agenda promotes faster dispute decision by expanded industrial courts, arbitration councils, and higher oversight of tribunals. Tax coverage proposals contain simplifying the GST construction, increasing its protection to petroleum and actual property, guaranteeing predictability in private taxation, and modernising customs procedures.
Below commerce coverage, the CII suggests a rationalised tariff construction, higher Free Commerce Settlement (FTA) utilisation, stronger funding provisions, and a centered e-commerce export technique.
To strengthen manufacturing, the agenda highlights the necessity to assist mid-sized companies, develop industrial corridors, and improve freight connectivity.
For MSMEs, it proposes phased compliance processes, deeper Udyam portal integration, larger expertise collaboration, and the introduction of a second-tier patent system.
On sustainability, it requires integrating trade into local weather adaptation efforts, creating digitised local weather information methods, and selling sustainability-linked procurement.
The employment and livelihoods part recommends a Nationwide Employment Coverage, a Gig Economic system Coverage, and focused job creation in underdeveloped districts.
Lastly, in city transformation, CII suggests modernising city planning establishments, strengthening municipal funds, selling reasonably priced housing, and constructing sustainable city methods to assist the nation's rising cities.
Rajiv Memani, President CII, acknowledged, “These suggestions are carefully aligned with the Authorities's reform trajectory and are in assist of the Prime Minister's name for daring and transformative change. As a reside doc, Insurance policies for a Aggressive India will proceed to evolve, bringing contemporary concepts to assist policymakers.”
Over the past decade, India has witnessed historic reforms, together with the Items and Providers Tax (GST), company tax rationalisation, digitisation of governance, and progressive commerce agreements. These have strengthened macroeconomic stability and positioned India as a trusted world associate. Nonetheless, rising geopolitical shifts and the dual transitions–green and digital–demand that India additional deepens reforms to maintain excessive development and world competitiveness, stated the trade physique.
“Insurance policies for a Aggressive India is not only a compilation of concepts; it's a nationwide blueprint that brings collectively over 250 actionable reforms to boost India's competitiveness. These measures–spanning macroeconomic stability, issue markets, vitality, commerce, and sustainability–are designed to ship inclusive development and place India as a worldwide chief,” stated Chandrajit Banerjee, Director Normal, CII.
The CII added that these reforms will drive development, job creation, resilience, and sustainability–positioning India to attain its objective of Viksit Bharat and world management.
