Commerce and industry minister Piyush Goyal told Parliament on Friday that reform momentum towards self-certification, labour laws and environment clearance will boost investment and production.
“Recently, several short-term and long-term measures have been announced to boost investment, production and demand,” Goyal said in a written reply to a question in Rajya Sabha on the steps the government proposes to take to review investments, production and demand.
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He said while global growth is forecast at 3% for 2019, its lowest level since 2008-09 as per the World Economic Outlook of the International Monetary Fund, India continues to grow faster than the rest of the world. “The government has been continuously taking measures to boost investment, production and demand through its initiatives such as Make in India, Startup India, Ease of Doing Business, Business Reform Action Plan, Intellectual Property Rights (IPR) Policy and sectoral schemes/programme schemes/programmes. Foreign Direct Investment (FDI) policy and procedures have been simplified and liberalised progressively,” said Goyal.
Source: Economic Times
