2023-24 Economic Survey recommends Indian government to reduce compliance burden, tax uncertainties, and licensing requirements to foster investment and business growth.

The Economic Survey 2023-24 recommends that the Indian government should let go of some power to create lightness for both governing and governed entities. It advises reducing compliance burden on businesses, addressing tax uncertainties and complexity, and eliminating licensing requirements in order to attract investment and allow businesses to thrive. The survey acknowledges the need for the government to free up capacity and focus on areas where it is most needed.

July 22, 2024
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