This issue of Outlook Business serves as a platform for the country's investors, economists, stockbrokers and industrialists to articulate a demand draft for the new government; all of them advocating policy continuity.
Historical precedents remind us of significant shifts triggered by new administrations, from the nationalisation of coal mines and banks to drastic changes in income tax rates. The 1990s saw the liberalisation of the economy, while the Narendra Modi government's tenure since 2014 introduced transformative measures like goods and services tax, demonetisation and the production-linked incentive scheme.
These insightful contributions offer invaluable guidance to policymakers, ensuring that the momentum of the country's economy remains unhindered. At stake is not only India's trajectory towards becoming a developed nation by 2047 but also the aspirations of its youth, who yearn for employment opportunities commensurate with their ambitions.
Esteemed voices from various sectors offer nuanced perspectives and pragmatic recommendations to steer India's economic trajectory. From calls for regulatory reforms to suggestions for bolstering infrastructure and fostering innovation, each column presents a roadmap for sustained growth and prosperity.
As the nation anticipates the swearing-in of its next prime minister, it is imperative that the incoming government heeds the collective wisdom encapsulated in these pages. By embracing policy stability and building upon existing frameworks, India can navigate the complexities of a dynamic global landscape and emerge stronger and more resilient.
This edition showcases divergent voices from divergent stakeholders; the unifying theme is a charter of demands that would smoothen India’s growth to a developed nation. The new government must be open to hearing different, and even critical, voices. Only consensus among stakeholders will help propel the country forward.
This story is from the June 2024 edition of Outlook Business.
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This story is from the June 2024 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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DEMAND DRAFT
A new government, a new beginning. However, for industry leaders, it is a time of uncertainty as they wait and watch what policies the new dispensation will enact.
REBEL'S GUIDE TO SUCCESS WITH FOOD
Having started its journey in 2004 as a quickservice restaurant under the brand name Faasos, Rebel Foods, now a unicorn, aims to expand its footprint. Jaydeep Barman, co-founder of Rebel Foods, talks to Vinita Bhatia about the company’s growth plans, focusing on Tier-II and -III cities, licensing as a strategy and more. Edited excerpts:
NATURE BECKONS
When not busy at work, Naivedya Agarwal, co-founder and CEO of manufacturing start-up Runaya, indulges in activities that keep him close to nature, like wildlife photography, safaris, flying and holidays at beaches and the hills
Combining Minimalism and Material Responsibility for Timeless Furniture Pieces
Leading Furniture Industry with Inspiring Innovation, Sustainability, Customization, and Collaboration. EK Designs creates designs with honesty and transparency upholding the strict quality norms.
Participation Over Dictation Leads to Excellence: Girish Avansta
Accellor's innovative Al-backed designs are a result of the whole-hearted participation of every employee
Leading the Charge in Digital Transformation by Pioneering the Future of Enterprise Automation
Areteans is Revolutionizing Business Automation and AI Integration
Recognizing MSME Excellence and Charting the Future: Insights from Outlook Business Spotlight Awards 2024
MSMEs are the \"unsung heroes who keep our industries humming and our dreams soaring.
"Sustainability is an Essential Component of Lubrizol's Corporate DNA"
Bhavana Bindra, Lubrizol's dynamic Managing Director, shares her views on sustainable growth and Lubrizol's impact in India.
Modernizing Mobility: India's Need For A Smarter And Sustainable Passenger Transportation Solution
India is at the forefront of a transformative wave of urbanisation. To combat climate change and urban pollution, upgrading infrastructure and embracing sustainable mobility, particularly in efficient mass transportation systems is an imperative.
Bank Imbalance
As investors turn to more lucrative options, banks in India are seeing sluggish growth in deposits. With a limited arsenal to compete with high returns available elsewhere, they are struggling to balance deposits with the amount of loans they are handing out