India’s quest for sustained growth over the next two decades hinges on a new paradigm, driven by bold reforms, enhanced domestic capabilities, and strategic institutional collaborations suited for the evolving global landscape, Finance Minister Nirmala Sitharaman said on Monday.
The last two Union Budgets have laid the groundwork for this transformation, with a clear multi-sectoral policy agenda, she said, while speaking at Hoover Institution at Stanford University California.
In the last decade, she said the government has undertaken structural reforms, rationalising over 20,000 compliances, decriminalising business laws and digitising public services to reduce friction.
She further said a significant thrust on infrastructure development has also created a strong foundation for manufacturing-led growth by bolstering investor confidence over the last 10 years.