Economic Survey to focus on land reforms for ease of business

SIMPLIFYING AND MAINTAINING A BUSINESS-FRIENDLY REGULATORY ENVIRONMENT REMAIN ESSENTIAL TO BOOSTING GROWTH, SAYS CHIEF ECONOMIC ADVISER NAGESWARAN

- Zia Haq

NEW DELHI: India's regulations, especially those related to land utilisation, still hamper the ease of doing business, a key issue the government's Budget-eve Economic Survey, to be tabled in Parliament on January 31, will focus on, HT has learnt.

Low-margin small businesses are hobbled by tight land rules, even as the country aims to leapfrog to a five-trillion-dollar economy, the survey, led by chief economic adviser V Anantha Nageswaran, is set to highlight, underscoring the need for more reforms, a person with knowledge of the matter said.

Simplifying and maintaining a business-friendly regulatory environment remain essential to boosting growth, Nageswaran had recently said.