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Committed to simplify regulation and reduce business costs, assures FM Sitharaman

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Finance Minister Sitharaman said scaling up manufacturing is essential to absorb India's young workforce, reduce import dependencies and build competitive global supply chains.
Finance Minister Nirmala Sitharaman has reaffirmed the government's commitment to simplifying regulations and reducing business costs to enhance the ease of doing business in India. Speaking at the CII Annual Business Summit 2024, she emphasized the ongoing efforts to streamline compliance and minimize regulatory burdens, which are crucial for fostering a conducive business environment. Sitharaman highlighted that these measures are part of a broader strategy to boost economic growth and attract more investment into the country. She also mentioned the government's focus on digitalization and technology to further ease business operations and improve efficiency.

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