Domestic financial institutions need to embrace global expansion and innovation and view IFSCs as facilitators rather than rivals. Building regulatory trust, streamlining processes, and aligning incentives will all contribute to the development of a cooperative ecosystem that fulfills the promise of financial transformation.
India is positioned as a worldwide economic powerhouse thanks to the combination of technology, patents, and a supportive environment for innovation.
Disinvestment of shareholding and privatisation of public sector undertakings in India, spanning over the last two and half decades, is a mission that did not get accomplished. It was a frontline manifestation of the paradigm shift in the planning process towards national development that the government need not be in business and need only be a facilitator, the dictum still holds true with the present union government.
While still a ‘work in progress’, GST has immense potential to bring large sums into the government’s coffers.
Covid-19 pandemic has affected the Indian economy on all fronts. What can the government and the corporates do for a holistic recovery of the economy?
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