Saying that India can achieve a 8% growth in the coming years, Commerce Industry Minister Nirmala Sitharaman said that Country needs remove regulatory hurdles that affect India’s competitiveness.
Speaking at the India Economic Summit at the World Economic Forum (WEF) In New Delhi, Sitharaman said that centre is working together with state to ensure hurdles are removed for businesses.
“We must take states on board. Present regulatory hurdles go down to the level of municipalities and panchayats. These obstacles have to be removed for the businesses,” she said
Nirmala Sitharaman opened the two-day long India Economic Summit organised by World Economic Forum, where issues like digital transformation and regional economic integration are set to get attention.
Sri Lankan Prime Minister Ranil Wickremesinghe who is on a three day visit to India is in attendance at the inaugural session.
Senior government officials and foreign business leaders are meeting in New Delhi on Thursday for the 2016 India Economic Summit to discuss India’s economic potential.
“Preparing vision documents for 15 years and strategy for 7 years & action plan for 3years on Prime Minister’s direction, ”said Amitabh Kant, CEO, NITI Aayog
Over 500 business and political leaders, including top policymakers and CEOs are participating in the sessions that will throw light on industrial revolution, infrastructure investment and start-ups.