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February 3, 2025 at 03:32 PM
🔆📈 CEA Advocates Bigger Private Sector Role in Economic Growth
✅ Deregulation Push: Chief Economic Adviser Ananth Nageswaran calls for easing business regulations to boost domestic economic growth.
✅ Investment Target: GDP growth needs 8% annually, with private investment rising to 35% of GDP (currently at 31%).
✅ Small Business Support: Reducing compliance costs to enhance economic freedom for small industries.
✅ Sectoral Reforms: Advocates deregulation in agriculture, pollution control, food safety, excise laws, and metrology.
✅ Labour & Energy Focus: Recommends relaxing labour codes and cheaper electricity tariffs for industries.
🔔 Incremental liberalization to create a ripple effect on innovation, entrepreneurship, and employment!
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