Expressing optimism, NITI Aayog Vice Chairman Rajiv Kumar has said that a slew of 'big-bang' economic reforms that should please foreign investors are likely to be pursued in the first 100 days of Indian Prime Minister Narendra Modi's second term.
Kumar further said that the reforms will include changes in labour laws, privatisation moves, and creation of land banks for new industrial development.
NITI Aayog Vice Chairman also noted that reforms in India's complicated labour laws will see the light of day as early as the next parliamentary session in July, when the government will place a new bill before the lower house for approval. Besides, he said the government will focus on fully privatising or closing more than 42 state-controlled companies in the coming months.