Reforms improved India’s competitiveness, strengthened resilience: CII’s R Mukundan
Reforms in taxation and digital infrastructure have boosted India's economic competitiveness. GST and the JAM trinity integrated millions into the formal financial system. Government infrastructure investment has significantly lowered logistics costs across the nation. Manufacturing sectors like electronics and pharmaceuticals show substantial growth and increased exports. Future growth depends…
Mumbai: A series of reforms encompassing taxation, infrastructure, manufacturing, insolvency, and digital public infrastructure have bolstered India's competitiveness, reduced logistics and transaction expenses, and bolstered the economy's resilience, declared CII president R Mukundan. The cumulative effect of these reforms has unfolded over time, with GST establishing a unified national market and enhancing compliance, while the digital public infrastructure anchored by the Jan Dhan, Aadhaar, and Mobile (JAM) trio incorporated millions of Indians into the formal financial and economic domain, Mukundan told ET.
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