Rules for growth - Business Standard
· Business · Business Standard
Sustained economic growth depends on the establishment of clear, predictable policy frameworks rather than ad-hoc interventions. Policymakers must focus on reducing regulatory uncertainty to encourage long-term capital investment from both domestic and international sources. The report notes that frequent shifts in fiscal and trade rules often deter private sector participation in major infrastructure and industrial projects. Strengthening institutional mechanisms is essential to ensure that growth strategies remain resilient against short-term political cycles. Consistent implementation of existing reforms remains the primary challenge for maintaining a stable trajectory in national output.
Why it matters
Clearer policy rules reduce the risk premium for businesses, which directly impacts job creation and the pace of industrial expansion across the Indian economy.
Read the original report — Business Standard
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