Page 106 - Viksit Bharat Ka Amrit Kaal Seva, Sushasan, Garib Kalyan Ke 11 Saal

OVERVIEW

Today the world is looking at National Single Window This is a strong indicator of
India as an attractive destination System now allows obtaining India’s global positioning, with
for investment and global all approvals through a single this development being powered
companies want to establish platform. Moreover, the Modi by the Government’s laser
businesses here. There is government has reduced focus on reforms for improving
wholesome appreciation for unnecessary compliance burden logistics infrastructure through
Prime Minister Narendra Modi’s by repealing more than 1,500 initiatives like PM Gati Shakti
thrust for transformative archaic laws and thousands and new National Logistics
governance and economic of compliances. These used to Policy.
reforms to enhance the Ease of create unnecessary costs and
Doing Business in India. One of hurdles for Indian enterprises. The thrust towards greater
the most striking indicators of transparency & a level-playing
the country’s improved business The Prime Minister’s mantra ŌT[S U^a AGA9b P]S b\P[[
environment is the growth of transparency and reduced QdbX]TbbTb Xb TgT\_[XŌTS Qh cWT
of its startup ecosystem. One compliance requirements proves success of the GeM portal, the
of the greatest examples of that the government trusts its government purchases have
improvement in the business RXcXiT]b HWXb cadbc Xb aTŎTRcTS Ra^bbTS ƅ [PZW Ra^aT
climate of the country can be in the increasing number
seen in its startups. Before of taxpayers and record tax Apart from numerous reforms
2014, India had a few hundred collections. Similarly, increasing and landmark decisions, Prime
Startups. More than 1,60,000+ bT[U aTVd[PcX^] bT[U RTacXŌRPcX^] Minister Narendra Modi has
Recognized startups have been automated random labour successfully led a mindset
added, creating 17.6 lakh+ inspections, and faceless tax transformation. Unlike previous
jobs in last 11 years. Moreover, assessment/appeal has not only governments, the Modi
India is the 3rd largest start-up weakened the ‘Inspector Raj’ but government not only considers
ecosystem in the world. also enhanced compliance. entrepreneurs as wealth
creators but also as partners
Since 2014, rent-seeking and =]SXP0b Tň^acb c^ X\_a^eT cWT in national development.
red-tapism have been replaced ease of doing business are 7^]RTacTS Tň^acb c^ X\_a^eT
by a red carpet. The government being acknowledged on the the Ease of Doing Business have
is not an obstacle in the path global stage. This is evident led to a historic expansion in
of risk-takers but is an active in consistent improvement in the pool of wealth creators.
enabler. Entrepreneurs and various international rankings. HWXb WPb WPS P QdccTaŎh TňTRc
investors in India are now For instance, the country’s on the country at large- it has
delighted by a business-friendly ranking in the World Bank’s Ease increased resources available to
environment and a government of Doing Business Index climbed the government for its welfare
that actively addresses their from 142 in 2014 to 63 in 2019. and development programmes,
concerns and redresses India has climbed six places while at the same time enabling
grievances. This paradigm on the World Bank’s Logistic job creation, and higher incomes
shift has been made possible Performance Index (LPI) 2023, in the country.
through landmark decisions now ranking 38th in the 139
such as removing retrospective countries index. * * *
taxation, and Angel Tax, and
lowering corporate tax. The

98 Viksit Bharat ka Amrit Kaal- Seva, Sushasan, Garib Kalyan ke 11 Saal