Regulatory reforms critical for India's push towards Viksit Bharat

As India charges ahead on achieving its vision of a Viksit Bharat, there will be two primary drivers on this journey – moving the needle on per capita income from $2,500 to $14,000; and raising the investment to GDP ratio by 300 bps. Unarguably, policy and regulatory reforms will play a critical role in achieving the twin goals.

While several government initiatives towards policy and legislative reforms are of critical importance, the challenges faced are more internal than external. For example, Ease of Doing Business (EoDB) has been an initiative that has progressed considerably. However, while India