Systemic reform will improve ease of doing business: Nirmala Sitharaman – Economic Times

VISAKHAPATNAM: Seeking private investment, Commerce and Industry Minister Nirmala Sitharaman today said systemic reforms being pushed by the government may have some short term pain but will make India an easier place to do business.

The government is committed to systemic reforms, however painful it is in the short run, she said while hinting at recent demonetisation exercise carried out by the government to eliminate parallel economy.

She emphasised that systemic changes have to be brought in for the rapid growth.

“So, if you are compressing and also making sure that the baggage of the slow growth is left behind, it means rapidly many systemic changes have to be brought in. And systemic changes are the ones which are going to be painful, systemic changes are going to be time-consuming but we have to compress,” she said at the Partnership Summit here.

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