Neither the tax cut nor the sector-specific measures will change the near-term growth outlook dramatically
Following the landslide victory of Prime Minister Narendra Modi, the government is expected to roll-out bolder reforms, which will position India for the next 25 years, a senior official of US-based India-centric business advocacy and strategic group said. Prime Minister Modi, on May 23, led his Bharatiya Janata Party towards a resounding victory for a second term in office. "Indian voters have sent a message, they want a leader who can improve on the economy, their quality of life, create jobs and make India a nation which is rising itself. They saw Modi as an individual who can deliver on that," US-India Strategic Partnership Forum (USISPF) President & CEO Mukesh Aghi told PTI. He further said that "expectations are very high and with such a large majority, we feel that there would be bolder reforms coming through, which will position India for the next 25 years". On May 30, Modi was sworn in as the Prime Minister for a second term helming a 58-member ministry. Besides 25 ...
mThe message: PM has political will, bureaucracy must raise bar for swift, efficient implementation
Jaitley adds that under PM Modi, India has one of the most open economies in the world
Make in India will not happen if land and labour reforms are not addressed
Interview with Deputy assistant to US President Barack Obama