1. Silent but powerful reforms in India under NDA govt

Silent but powerful reforms in India under NDA govt

The report reviews the NDA government’s policy actions as it nears the end of its first six months

Published: November 7, 2014 5:16 PM

The report reviews the PM Narendra Modi-led NDA government’s policy actions as it nears the end of its first six months

* The pace of decision-making has picked up, though ‘big-bang’ reforms are delayed

* ‘Silent’ reforms to improve the ease of doing business are important, but cyclical headwinds might delay their impact

* Simplifying land acquisitions, introducing GST will be the focus of the winter session of parliament

* Silent reforms could push GDP growth towards 6%; more macro reforms are needed for higher growth

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