Prime Minister Modi announced plans to form a deregulation commission to reduce government intervention in business. He criticized the former UPA government for slow reforms and highlighted significant changes made under his leadership, intending to promote ease of doing business. The government aims to strengthen property rights and streamline compliance to support economic growth.
Prime Minister Narendra Modi announced plans to establish a deregulation commission aimed at diminishing the state’s involvement in governance to enhance the ease of doing business in India. Criticizing the previous Congress-led UPA government for their sluggish reform efforts, Modi emphasized that his administration, in contrast, implements reforms based on conviction rather than compulsion.
During the ET Now Global Business Summit 2025, Modi highlighted that the National Democratic Alliance (NDA) government has shifted the narrative from a “fear of business” to an “ease of doing business,” showcasing reforms like the Goods and Services Tax (GST). The upcoming Jan Vishwas 2.0 aims to further streamline compliance for businesses by removing outdated regulations.
Modi expressed a desire for minimal government interference, stating the new commission will facilitate this vision. He also acknowledged voters from states like Odisha and Maharashtra for supporting the Bharatiya Janata Party (BJP), reinforcing the commitment to the “Viksit Bharat” initiative for a developed India.
The Prime Minister noted India’s rising global confidence, attributable to recent discussions at the AI Summit in Paris, and mentioned improvements in property rights through the Svamitva Yojana, which has enabled land surveys in over 300,000 villages, providing property cards to millions and unlocking substantial rural property value.
Critiquing previous governments, Modi asserted their reforms were initiated from necessity rather than genuine intent. He contrasted this with his administration’s proactive approach, which has resulted in India becoming the fifth largest economy globally, and predicted the ascent to the third largest economy in coming years.
Modi challenged the prevailing narrative that discourages positive discourse, emphasizing the importance of constructive discussions for a thriving democracy. He pointed out that the remnants of colonial-era laws, like the long-standing phrase “justice delayed is justice denied,” have been addressed efficiently with the implementation of the Bharatiya Nyaya Sanhita (BNS).
In conclusion, Prime Minister Modi’s announcement of a deregulation commission signifies a strategic shift toward reducing state intervention in governance. By implementing reforms driven by conviction, such as the enhancement of property rights and ongoing discussions about economic policies, his government aims to foster a more business-friendly environment. Furthermore, Modi’s critiques of previous administrations underscore his commitment to rapid reform and development, essential components in positioning India as a leading global economy.
Original Source: www.hindustantimes.com
