CII Unveils Roadmap For India's Transformation Into Competitive Economy
The blueprint comes at a time when Prime Minister Narendra Modi is calling for bold, second-generation reforms to unlock India’s full potential. However, the industry body has also called for a simplified GST structure, expanded coverage to petroleum and real estate, rationalised tariff structure, national employment and gig economy policies
New Delhi: Leading industry body Confederation of Indian Industry (CII) on Sunday unveiled its flagship policy blueprint, setting out a comprehensive government’s reform roadmap to accelerate India's transformation into a globally competitive economy. Developed through wide-ranging consultations with industry leaders, economists, and policy experts, the blueprint is aligned with the government’s Viksit Bharat vision.
The blueprint comes at a time when Prime Minister Narendra Modi is calling for bold, second-generation reforms to unlock India’s full potential. However, the industry body has also called for a simplified GST structure, expanded coverage to petroleum and real estate, rationalised tariff structure, national employment and gig economy policies.
As per the CII, in its report ‘Policies for a Competitive India’, presents over 250 actionable recommendations across 14 critical reform areas. “These recommendations are closely aligned with the government’s reform trajectory and are in support of the Prime Minister’s call for bold and transformative change. As a live document, policies for a Competitive India will continue to evolve, bringing fresh ideas to support policymakers,” said CII president Rajiv Memani.
The CII also said that the reform areas include fiscal prudence, inflation management, and modernised statistical systems; privatisation of non-strategic PSEs, creation of a sovereign wealth fund, decriminalisation of minor violations, time-bound approvals, single-window clearances, and second-generation IBC reforms; streamlined labour codes, minimum wage framework, and fast-track dispute resolution.
“Energy policy reforms, including competitive tariffs, elimination of cross-subsidisation, stronger transmission networks, private participation in nuclear energy, and a green hydrogen roadmap. Besides, there should be a faster dispute resolution through expanded commercial courts, arbitration councils, and strengthened tribunal oversight,” the CII said.