CII Reveals Strategic Blueprint for India's Economic Transformation
The Confederation of Indian Industry (CII) has unveiled a comprehensive policy blueprint aimed at accelerating India's transformation into a globally competitive economy. The blueprint includes over 250 actionable recommendations across 14 critical reform areas, emphasizing simplified GST, expanded coverage to petroleum and real estate, and rationalized tariff structures.
CiiEconomic ReformGstEmployment PolicyGreen HydrogenReal EstateAug 24, 2025
The blueprint is released at a crucial time when Prime Minister Narendra Modi is advocating for bold, second-generation reforms to unlock India’s full potential. The CII has called for several key reforms, including a simplified GST structure, expanded coverage to petroleum and real estate, rationalized tariff structures, and the introduction of national employment and gig economy policies.
In its report, 'Policies for a Competitive India,' the CII presents over 250 actionable recommendations across 14 critical reform areas. These recommendations are closely aligned with the government’s reform trajectory and support the Prime Minister’s call for bold and transformative change. CII President Rajiv Memani emphasized that the document will continue to evolve, bringing fresh ideas to support policymakers.
The reform areas identified by the CII include fiscal prudence, inflation management, and modernized statistical systems. The blueprint also calls for the privatisation of non-strategic Public Sector Enterprises (PSEs), the creation of a sovereign wealth fund, decriminalization of minor violations, time-bound approvals, single-window clearances, and second-generation Insolvency and Bankruptcy Code (IBC) reforms.
Additionally, the CII highlights the need for streamlined labour codes, a minimum wage framework, and fast-track dispute resolution mechanisms. Energy policy reforms are also a priority, including competitive tariffs, the elimination of cross-subsidization, stronger transmission networks, private participation in nuclear energy, and the development of a green hydrogen roadmap.
To ensure a robust legal framework, the CII advocates for faster dispute resolution through expanded commercial courts, arbitration councils, and strengthened tribunal oversight. These reforms aim to create a more conducive environment for business and investment, fostering sustainable economic growth and development in India.
The CII’s policy blueprint is a significant step towards achieving the government’s vision of a New India, characterized by economic competitiveness, innovation, and social inclusivity. By addressing these critical areas, the blueprint seeks to pave the way for a prosperous and resilient Indian economy.
Frequently Asked Questions
What is the CII?
The Confederation of Indian Industry (CII) is a leading industry association in India that works to promote and support the interests of the business community. It plays a crucial role in shaping policy and fostering economic growth.
What is the Viksit Bharat vision?
Viksit Bharat is the government's vision for a developed and prosperous India. It focuses on various aspects of economic and social development to transform India into a globally competitive economy.
What are the key recommendations in the CII's policy blueprint?
The key recommendations include a simplified GST structure, expanded coverage to petroleum and real estate, rationalized tariff structures, national employment policies, and energy policy reforms such as competitive tariffs and the development of a green hydrogen roadmap.
Why is fiscal prudence important in the CII's blueprint?
Fiscal prudence is crucial for maintaining economic stability and ensuring sustainable growth. The CII’s blueprint emphasizes fiscal prudence to manage public finances effectively and support long-term economic development.
How does the CII plan to support the gig economy?
The CII’s blueprint includes recommendations for national employment and gig economy policies. These policies aim to create a more supportive and regulated environment for gig workers, ensuring their rights and opportunities are protected.
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