CII calls for GST-like reforms in land, labour & local approvals

The Confederation of Indian Industry (CII) has made a call for reforming land, labour, and local approval processes to make them more streamlined and investor-friendly. This move is similar to the Goods and Services Tax (GST) Council's approach, which aims to simplify and decriminalise various offences in different sectors. By simplifying these regulatory processes, the CII hopes to enhance the ease of doing business in India and attract more investments. This could have a positive impact on the economy, particularly on the Sensex and the Nifty 50.

Why it matters

The proposed reforms in land, labour, and local approvals could enhance ease of doing business in India. This could lead to increased investment and economic growth.

Market impact

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Likely winners & losers

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