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Deregulation and Investment Opportunities
Context:
Prime Minister Narendra Modi underscored the significance of the proposed Deregulation Commission, aimed at fostering an investment-friendly regulatory ecosystem across Indian states.
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- Speaking at the Invest Madhya Pradesh – Global Investors Summit (MPGIS) 2025, he announced that the Centre had initiated discussions with stakeholders to shape the framework and improve the ease of doing business.
- The PM highlighted the World Bank’s confidence in India’s economic trajectory, reiterating that the country remains the fastest-growing economy in the world.
About Deregulation
- The proposed Deregulation Commission in India, as highlighted by Prime Minister Narendra Modi, is designed to create an investment-friendly regulatory ecosystem across the country.
- This initiative is part of broader efforts to enhance the ease of doing business and attract more investments.
- Prime Minister Modi emphasised the government’s commitment to removing outdated compliances through the Jan Vishwas 2.0 initiative, advocating for minimal government interference in economic activities.
- The Deregulation Commission is focused on identifying and eliminating unnecessary regulations, working in collaboration with regulatory bodies such as RBI, SEBI, TRAI, and CERC.
The Economic Survey 2024-25 underscores the importance of deregulation in unlocking India’s economic potential, particularly for MSMEs. It emphasises the need for systematic deregulation to achieve sustained economic growth and improve global competitiveness.
Key Aspects:
- Investment-Friendly Ecosystem: The Deregulation Commission aims to reduce bureaucratic hurdles and streamline regulatory processes, making it easier for businesses to operate in India.
- This will help in creating a favorable environment for both domestic and foreign investments.
- Economic Growth and Confidence: The World Bank has expressed confidence in India’s economic trajectory, projecting it to remain the fastest-growing major economy.
- Such optimism is expected to attract significant investments, particularly in sectors like manufacturing, infrastructure, and technology.
- Sectoral Opportunities:
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- Manufacturing: Simplified regulations can boost manufacturing by reducing compliance costs and increasing efficiency.
- Infrastructure: Faster clearances and streamlined processes will enhance infrastructure development, crucial for economic growth.
- Technology and Startups: Reduced regulatory barriers will support the growth of startups and MSMEs, fostering innovation and entrepreneurship.
- Federalism and State Autonomy: The commission will work with state governments to create uniform policies, ensuring consistency in the business environment across different states.
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The Source’s Authority and Ownership of the Article is Claimed By THE STUDY IAS BY MANIKANT SINGH
