How are institutional reforms being considered by India, as mentioned by a U.S. official

1. The U.S. official mentioned that the Indian government is considering various institutional reforms to attract more foreign investments and enhance economic growth. 2. One of the key reforms being considered is related to labor laws, which aims to simplify and streamline regulations to make it easier for businesses to operate in India. 3. Another area of focus is on reforms in the financial sector to promote transparency and efficiency, which could involve changes in banking regulations and infrastructure investments. 4. The Indian government is also exploring reforms in the agriculture sector to improve productivity and increase farmer incomes. 5. Overall, these institutional reforms are seen as crucial steps to boost India's economy and attract more foreign investment.