Prime Minister Narendra Modi announced a deregulation commission to reduce state involvement in governance and support easier business operations. He criticized previous governments for their slow reforms and highlighted how his administration has transformed the business environment. Modi emphasized India’s potential to rise to the third-largest economy and the importance of constructive discourse in democracy.
On a recent occasion following his diplomatic tour of France and the United States, Prime Minister Narendra Modi announced the establishment of a deregulation commission. This initiative aims to diminish the state’s involvement in governance and enhance the ease of doing business within the country. Modi critiqued previous Congress-led administrations for their sluggish pace in implementing necessary reforms and emphasized that his current reforms are motivated by conviction rather than compulsion.
Addressing attendees at the ET Now Global Business Summit 2025, the Prime Minister highlighted that the National Democratic Alliance (NDA) government has transformed the prevailing perception of business from one of fear to an atmosphere promoting ease of entrepreneurship. He cited significant reforms, including the implementation of the Goods and Services Tax (GST), which has streamlined numerous compliance measures, and pointed to the Jan Vishwas 2.0 initiative aimed at further reducing regulatory burdens on businesses.
Modi expressed his belief in minimizing governmental interference in societal affairs. He reaffirmed the proactive approach of his administration, stating that the establishment of a deregulation commission would facilitate faster progress in these areas during this current term. He acknowledged the recent electoral success of the Bharatiya Janata Party (BJP) in states such as Odisha, Maharashtra, Haryana, and New Delhi, indicating strong public support for the vision of “Viskit Bharat” (Developed India).
The Prime Minister underscored India’s growing confidence on global platforms, referencing discussions at various international meetings, including an AI summit in Paris, where India is recognized as a pivotal player. He also mentioned advancements in property rights through initiatives like the Svamitva Yojana, which has benefited over 22.5 million individuals by providing them with property cards and thereby unlocking significant value in rural properties.
Criticizing the previous administration, Modi observed that prior governments were aware of existing challenges but refrained from addressing them effectively. He argued that unlike previous governments, his administration has fostered a culture of meaningful reform since the BJP came to power in 2014, which has accelerated development.
He articulated the necessity for constructive dialogue in India, asserting that focusing on positive narratives is fundamental to a thriving democracy. Furthermore, he confidently projected that India, having grown to be the fifth-largest economy globally, is on track to become the third-largest economy in the coming years. Modi concluded by emphasizing that his government is advancing reforms with a commitment to transformative change rather than out of mere obligation, a departure from historical practices.
In summary, Prime Minister Narendra Modi has reaffirmed his government’s commitment to reducing the state’s role in governance through the establishment of a deregulation commission. His administration’s reforms aim to enhance ease of doing business and are driven by conviction. Modi also highlighted the importance of constructive dialogue and the need to break free from negative narratives, projecting a bright economic future for India.
Original Source: www.hindustantimes.com
