India’s economic journey is entering a decisive phase. Prime Minister Narendra Modi’s Independence Day announcements reveal a deliberate coupling of internal governance reforms with an urgent push for self-reliance in production. The underlying idea is clear: prepare the nation for the twin challenges of global uncertainty and the ambition of becoming a developed country by 2047. The creation of a dedicated task force to identify and recommend next-generation governance reforms is more than an administrative exercise.

It reflects recognition that outdated, cumbersome regulations have long been a brake on innovation and enterprise. By targeting legal and procedural bottlenecks that raise compliance costs and deter entrepreneurship, the government is signaling that growth will not be left to market forces alone ~ it will be actively enabled through a streamlined, citizen-friendly legal framework. Since 2014,........

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