India Inc happy with new laws in 2013, expects further reforms

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A recent World Bank study ranks India at 134th position among 189 countries in terms of ease of doing business. A recent World Bank study ranks India at 134th position among 189 countries in terms of ease of doing business.
SummaryCorporates expect much awaited bills on GST, DTC and insurance to pass the muster soon.

the quality of governance post General Elections, something that is being keenly anticipated by India Inc, and which separates success from failure in economic development.

"Good governance is at the very heart of economic growth and poverty reduction, and even political legitimacy is one of the undisputed lessons of development experience from around the world. In our own country, we have seen vast differences across states in development outcomes from out of the same mix of development policies," PHD Chamber of Commerce President Sharad Jaipuria said.

With hopes riding high on the outcome of the upcoming General Elections and their positive impact on the country's business environment, the next government will clearly have its task cut out to meet the challenges for the promotion of industry, trade and entrepreneurship to achieve higher and all-inclusive-growth and fulfil massive expectations.

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