CII Proposes Major Reforms for India’s Economic Transformation
The Confederation of Indian Industry (CII) has unveiled a detailed reform roadmap aimed at accelerating India’s economic transformation. The report, titled “Policies for a Competitive India,” presents over 250 actionable recommendations across 14 critical reform areas. These recommendations are designed to support the government’s vision of Viksit Bharat, which aims to make India a developed nation.
Developed through extensive consultations with industry leaders, economists, and policy experts, the blueprint is closely aligned with the government’s reform trajectory. CII President Rajiv Memani emphasized, “These recommendations are closely aligned with the government’s reform trajectory and are in support of the Prime Minister’s call for bold and transformative change. As a live document, policies for a Competitive India will continue to evolve, bringing fresh ideas to support policymakers.”
The reform areas covered in the report include fiscal prudence, inflation management, and modernized statistical systems. The CII has also called for the privatization of non-strategic Public Sector Enterprises (PSEs) and the creation of a sovereign wealth fund. Additionally, the report suggests decriminalizing minor violations, implementing time-bound approvals, and establishing single-window clearances to streamline business processes.
The industry lobby has also proposed energy policy reforms, such as competitive tariffs, the elimination of cross-subsidization, and the strengthening of transmission networks. It further recommends private participation in nuclear energy and the development of a green hydrogen roadmap. Sanjiv Bajaj, Past President of CII and Chairman of the Task Force on Reciprocal Tariffs, noted, “As India moves rapidly towards becoming the world’s third-largest economy, it must now add greater pace and depth to this reform agenda to be globally competitive. With Free Trade Agreements opening new opportunities and India’s economic engagements expanding worldwide, Indian industry must be prepared to compete with the best.”
The report also highlights the need for faster dispute resolution through expanded commercial courts, arbitration councils, and strengthened tribunal oversight. To boost e-commerce, CII has suggested a dedicated export strategy, while manufacturing is to be given a push through capital support, industrial corridors, and freight connectivity. The report also calls for phased compliance for Micro, Small, and Medium Enterprises (MSMEs) and the integration of industry into climate adaptation, digitized climate data, and sustainability-linked procurement.
Together, these reforms aim to drive growth, job creation, resilience, and sustainability, positioning India to achieve its goal of Viksit Bharat and global leadership, as stated by the CII.
