Bvr Subrahmanyam, CEO of Niti Aayog, says more reform announcements by Diwali

India could see another round of the main repair ads presented by Diwali as the government is making efforts to enhance the competitiveness of manufacturing and balance trade.

A senior government official added that the government is studying reforms through 13-14 major sectors, with a special focus on trade and land modes. He said: “One of our direct priorities is trade reforms and reforms in MSME.”

He added that the trade control report presents the deep defect in the current trade formation in India. “Our trade is very unbalanced. It is focused in a few products – and in wrong products. We are trading things that the rest of the world does not circulate in large quantities. We may have long been dominant in some of the products that were circulated globally, but the world may move – and India has not spanned.”

Niti Ayog CEO also revealed that many of the committees led by the Minister of Cabinet Rajiv Gauba have submitted the first reports of proposed reform measures, indicating that the government’s structural reform batch is gaining momentum.

SubrahManyam also said that the government in the final stages of the launch of the National Manufacturing Mission, a leading initiative aimed at enhancing the competitiveness of India and diversifying industrial capabilities across sectors.

“The focus is clear – we need to enhance and diversify the ecosystem of manufacturing in India,” he said. “India should not protect or protect any specific sector in terms of trade. Instead, we must focus on improving productivity, innovation and competitiveness.”

The new wave of reforms, along with the next manufacturing task, is expected to play an important role in the alignment of the industrial and commercial strategy in India with global value chains-a basic step towards achieving a long-term government’s vision.