Economic Affairs Secretary Subhash Chandra Garg has said that India will need to create and develop a very healthy and supportive macro-economic environment to become $10 trillion economy by the year 2030. He also said that the present government has taken number of bold steps like Goods and services Tax (GST) and IBC (Insolvency and Bankruptcy Code). Garg has stated that the government is working on an overseas investment policy with an aim to provide support to Indian businesses which will invest abroad.
Besides, Department of Industrial Policy & Promotion (DIPP) Secretary Ramesh Abhishek has said that India should not be only in top 50 in ease of doing business rank, but the country should do even better. He also pointed out that Indian economy is now amongst the most open economies in the world for receiving foreign direct investments (FDI).
Further, C K Mishra, Secretary, Ministry of Environment, Forest and Climate Change has said that in 2014, it used to take 600 days to get environment clearance, now it takes 121 days to get environment clearances. He added that by August, it will come down to 100 days. Also, K P Krishnan, Secretary, Ministry of Skill Development and Entrepreneurship, has mentioned that India requires 10 times the number of skilled force that the country is currently producing.
