Soothing worries of slowdown in reform momentum ahead of elections, Economic Affairs Secretary Subhash Chandra Garg has said that the process of economic reforms is still continuing in reasonably major way and noted that there are no signs of de-reform in the system.
Garg further mentioned the various areas like portfolio investment, capital markets and the assets creation, where the lot of reforms are still going on. He further highlighted the major structural and fundamental reforms undertaken in the country, describing them as truly global and big. Besides, he said that consolidation process continues and both the GST and IBC are stabilising.
Economic Affairs Secretary also assured that there is no sign that government would halt the pace of reform in the last year. Garg further said that India deserves a rating upgrade on the back of the major structural and fundamental reforms undertaken by the government.