Business Today

A leading business magazine read by the business leaders for staying ahead and managing challenges that comes right away in the ever changing world of business.

The Reform Imperative

Business Today

A GIANT LEAP • India’s GDP is projected to surpass $30 trillion by 2047. The country’s strengths will include a young population and a thriving digital economy

INDIA 2047 • A REFORM BLUEPRINT

A QUICK LOOK

“Cut through the jungle of controls” • Arvind Virmani, member of the NITI Aayog, on reforms and charging up India’s growth

WILL POVERTY STILL HAUNT INDIA IN 2047? • Economic growth is needed, but inclusion and sustainability are equally important to reduce poverty and improve the living conditions of vast sections of the population

INDIA’S KNOWLEDGE ECONOMY • The NITI Aayog has emerged as a visionary catalyst—charting a road map not just for today’s progress but for tomorrow’s prosperity

BEYOND TRADE DEALS • To unlock export potential, the government will have to undertake domestic reforms that make India’s manufacturing and services competitive, cut costs, and streamline logistics

ROLL BACK POPULATION CONTROL • India’s TFR has crashed below replacement rates. It is time to roll back population control policies. This should be done even in Bihar and UP, as they are now singlehandedly supporting the national average

GOOD AND SIMPLE TWEAKS • It’s taken eight years to build consensus on rationalising rates of goods and services tax. Will the next phase of reforms pave the way for even fewer rates and stable revenues?

FEDERALISM IN THE REGULATORY ERA • The rise of the regulatory state with its diffused apparatus has serious implications for the existing federal construct

“VIKSIT GOA BY 2037” • Goa Chief Minister Pramod Pandurang Sawant talks about initiatives to make the Goa 2037 vision a reality, diversify the state’s revenue sources away from tourism, and why the GST system needs some tweaks

BUILDING RURAL INDIA • When we talk of Viksit Bharat, we also have to focus on Building Rural India—our BRI—a crucial part of the country

TOWARDS A LESS TAXING GST • India’s GST is still an incomplete story, as a large share of sales pertaining to petroleum products, agricultural products, electricity, and real estate remains outside its purview

THE MADE-IN-INDIA MNCs • RISING CONFIDENCE, ACCESS TO CAPITAL, AND EXECUTION MUSCLE HA VE BIRTHED A HUNGRY INDIA INC. BUT GLOBAL HEADWINDS AND MUTED DEMAND WILL TEST THE RESILIENCE OF INDIAN GROUPS MAKING A GLOBAL SPLASH

IMPROVING MANUFACTURING’S SHARE IN GDP • The government has a big role in improving infrastructure, maintaining a reserve of critical inputs and overhauling GST

SCALING MSMEs FOR VIKSIT BHARAT • Despite a series of reforms in recent years, formalisation of MSMEs has been impacted by large companies maximising market share, trivialising the benefits available to MSMEs

THE 2047 LABOUR CODE • WHY THE NEXT PHASE OF LABOUR REFORMS SHOULD AIM TO MODERNISE WORKPLACE REGULATIONS AND FOSTER A MORE DYNAMIC LABOUR MARKET

MASS PROSPERITY FROM HIGHER PRODUCTIVITY • India requires deregulation for employers, decentralisation of power, and deepening of human capital to reimagine our economic system

EARNING TRUST • WITH THE CENTRE PUSHING AHEAD WITH JAN VISHWAS 2.0, INDIA’S REGULATORY FRAMEWORK IS UNDERGOING ONE OF ITS MOST SIGNIFICANT RESETS—FROM CRIMINAL PENALTIES FOR MINOR BUSINESS INFRACTIONS TO A TRUST-BASED COMPLIANCE MODEL. BUT CAN DECRIMINALISATION ALONE UNLOCK GROWTH?

MAKING IT EASY

SECTOR-WISE IMPACT

REENGINEER INDIA’S IPR FRAMEWORK • India must create a proactive, sector-driven IP governance model, converting IP from a defensive shield into a catalyst for industrial...