What measures are being taken to improve the ease of doing business in India and attract foreign investors

<p>How the market is attracting investors by easing out rules for them. How the govt made the system more flexible</p>
The Indian government has implemented various measures to improve the ease of doing business in the country and attract foreign investors: 1. Introduction of Goods and Services Tax (GST): The implementation of GST has replaced multiple indirect taxes, streamlining taxation procedures and creating a unified market across India. 2. Insolvency and Bankruptcy Code (IBC): The IBC provides a time-bound resolution mechanism, improving the ease of exiting businesses and encouraging foreign investment. 3. Make in India initiative: This program aims to enhance manufacturing in India by simplifying regulations, promoting innovation, and offering incentives to foreign investors. 4. Foreign Direct Investment (FDI) liberalization: The government has relaxed FDI norms in various sectors, including defense, retail, and construction, attracting foreign investors to invest in these sectors. 5. Digital initiatives: The government has implemented e-governance measures such as online registration, filing, and payment systems, reducing administrative burdens. 6. Streamlined business registration: The introduction of a unified form for company incorporation (SPICe) has simplified the registration process, making it faster and more efficient. 7. Labor reforms: Amendments to labor laws provide flexibility to businesses, allowing easy hiring and firing of employees, making it more attractive for investors. 8. Infrastructure development: The government is investing heavily in infrastructure projects, improving logistics and connectivity, which creates a conducive investment environment. Overall, these measures aim to create a business-friendly ecosystem in India, attract foreign investors, and boost economic growth.
Answered a year ago
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