CII unveils reform roadmap to achieve Viksit Bharat
The Confederation of Indian Industry (CII) has unveiled a reform roadmap to accelerate India's economic transformation, suggesting for a simplified GST structure, expanded coverage to petroleum and real estate, rationalised tariff structure, national employment and gig economy policies. CII in its report 'Policies for a Competitive India' has presented over 250 actionable recommendations across 14 critical reform areas. Further, CII has said that ‘these recommendations are closely aligned with the government's reform trajectory and are in support of the Prime Minister's call for bold and transformative change. As a live document, policies for a Competitive India will continue to evolve, bringing fresh ideas to support policymakers.’
The reform areas include fiscal prudence, inflation management, and modernised statistical systems; privatisation of non-strategic PSEs, creation of a sovereign wealth fund; decriminalisation of minor violations, time-bound approvals, single-window clearances, and second-generation IBC reforms; streamlined labour codes, minimum wage framework, and fast-track dispute resolution. Besides, CII has recommended energy policy reforms, including competitive tariffs, elimination of cross-subsidisation, stronger transmission networks, private participation in nuclear energy, and a green hydrogen roadmap.
Moreover, it calls for faster dispute resolution through expanded commercial courts, arbitration councils, and strengthened tribunal oversight. Additionally, it has suggested a dedicated e-commerce export strategy; manufacturing push through capital support, industrial corridors, and freight connectivity; phased compliance for MSMEs; and integration of industry into climate adaptation, digitised climate data, and sustainability-linked procurement. It said that ‘these reforms will drive growth, job creation, resilience, and sustainability -- positioning India to achieve its goal of Viksit Bharat and global leadership’.
