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The principal economic advisor with the Department for Promotion of Industry and Internal Trade (DPIIT) Rupa Dutta has said that the government is working on to reduce compliance issues with a focus on ease of doing business and has introduced the Insolvency and Bankruptcy Code (IBC) keeping that in mind. She said the government is taking steps for a prospective future and measures are needed to sustain the growth momentum as India is now the fastest growing economy in the world. 

Dutta said India's rank in ease of doing business according to World Bank report has improved from 142 in 2014 to 63 in 2022 and reduction in compliances is now a major focus. The IBC introduced by the government is comparable to OECD countries. The Organisation for Economic Co-operation and Development (OECD) has 38 countries across the globe as members. She also said that the national logistics policy is a key priority area for the government as it will bring down logistics costs and the Prime Minister Gatishakti programme will help in holistic planning for infrastructure projects.

She also noted that the country's exports, now at around $400 billion, are expected to touch $1 trillion hopefully next year, and the government is negotiating with FTAs with a number of countries like the EU members and Canada. She noted that the FTAs will open up the market for Indian goods and services abroad, and added that one thing Indian producers need to ensure is maintaining good quality and standards. She added that another priority area for the government is wealth creation by improving production levels.