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    Home » PM Modi’s Bold Promise On Deregulation

    PM Modi’s Bold Promise On Deregulation

    Anil PadmanabhanBy Anil PadmanabhanAugust 21, 2025 Capital Calculus No Comments1 Min Read

    On Independence Day, Prime Minister Narendra Modi vowed to rollout hard-nosed and long overdue economic reforms to enable India realise its audacious ambition to become a developed economy by 2047.

    Two days after his speech, the PM convened a meeting of experts to work out a plan, suggesting that his government is willing to walk the talk—something that eluded previous regimes, all of whom had made similar claims on implementing second generation economic reforms.

    The sad reality is that today overregulation and tax overreach force employers to redirect resources away from potential growth and job opportunities to meet compliance requirements. It increases the cost of doing business and makes Indian goods and services uncompetitive.

    To unpack this, StratNewsGlobal.Tech spoke to Dhiraj Nayyar, Chief Economist, Vedanta Ltd on Capital Calculus.

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    • Anil Padmanabhan
      Anil Padmanabhan

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    business economic reforms Economy growth india india 2047 taxation
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    Anil Padmanabhan

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