Cutting Red Tape: NITI Aayog Urges States to Streamline Regulations

NITI Aayog CEO Parameswaran Iyer has emphasized the need for states to actively participate in reducing regulatory overreach. This push comes as part of a larger effort to create a more conducive environment for businesses to thrive in India.

Simplifying Regulations for a Better Business Environment

The initiative aims to cut down on unnecessary bureaucratic hurdles, often referred to as “red tape,” which can stifle economic growth and deter investment. By simplifying regulations, the government hopes to encourage both domestic and foreign investment, leading to job creation and economic expansion.

Focus on Practical Solutions and Collaboration

Iyer stressed the importance of collaboration between the central government and individual states to achieve meaningful reform. The goal is to create a more predictable and transparent regulatory landscape, ultimately benefiting businesses and citizens alike.