Reforms for growth: Independence Day announcements can go a long way

Among biggest announcements was the formation of a task force for next-generation reforms, which would evaluate all laws, rules, and procedures related to economic activities in a time-bound manner

Addressing the nation for the 12th consecutive time from the Red Fort, Prime Minister Narendra Modi made several announcements that would not only give a new impetus to the economy but also help make India a more secure nation. Among the biggest announcements was the formation of a task force for next-generation reforms, which would evaluate all laws, rules, and procedures related to economic activities in a time-bound manner. To be sure, Mr Modi had earlier talked about a deregulation commission, but the idea didn’t move forward. A thorough evaluation of rules and regulations can increase the ease