Finance Minister Nirmala Sitharaman reaffirmed the
government’s commitment to reducing regulatory
hurdles and promoting trust-based governance to enhance
India’s business environment.
Speaking at a post-budget webinar on ‘MSMEs as Engine of
Growth, Manufacturing, Exports, Regulatory, Investment
and EoDB Reforms’, Sitharaman highlighted steps to
transform India into a seamless, export-friendly economy.
She emphasized that eliminating unnecessary regulatory
bottlenecks in the manufacturing sector would attract both
domestic and foreign investments, further boosting
economic growth.
“Our government remains steadfast in reducing regulatory
burdens and enhancing trust-based governance to improve
the ease of doing business.
Through budget announcements, we are taking various
steps to make India a seamless, export-friendly economy,
where businesses can focus on innovation and expansion
rather than paperwork and penalties,” she stated.
In her Union Budget 2025-26 speech, Sitharaman had
announced the formation of a high-level committee
dedicated to regulatory reforms.
The committee will conduct a comprehensive review of
non-financial sector regulations, certifications, licences, and
permissions. It is expected to present recommendations
within a year to streamline compliance processes and
promote ease of doing business.
“The objective is to strengthen trust-based economic
governance and take transformational measures to enhance
ease of doing business, particularly in inspections and
compliance matters,” she reiterated.
The government’s continued focus on regulatory
simplification aligns with its broader economic agenda of
fostering a robust, competitive, and investment-friendly
ecosystem.
With these reforms, India aims to position itself as a
reliable global manufacturing hub, facilitating sustainable
growth and innovation-driven development
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