Enhance eco freedom for individuals, small biz

Economic Survey calls for significant deregulation and structural changes; wish-list includes strategy for growth, expansion of MSMEs

- BEN KOCHUVEEDAN @Mumbai

EMPHASISING that enhancing economic freedom for individuals and small businesses is the most important policy priority to bolster medium-term growth prospects, the Economic Survey has called for significant deregulation and structural changes as the strategic call of the hour.

As per the survey, structural reforms and strategies across sectors needed to achieve medium-term growth include creating enabling policy and regulatory environment for upgrading capacity and know-how of component manufacturers, increasing availability of trained manpower, addressing resource bottlenecks and regulatory impediments to accelerate gross fixed capital formation.