Cannot have regulations that stifle businesses, need to remove such hurdles with 'magic wand' every year: Fin Minister Sitharaman
Nirmala Sitharaman says India needs to remove regulatory hurdles for businesses annually. She addressed the IIM Lucknow National Leadership Awards 2025 in New Delhi. Sitharaman notes India is the fastest-growing economy for the fourth year. Manufacturing activity is good this quarter. A high-level committee will review non-financial sector regulations. Small, medium, and large industries contribute to this growth.
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Finance Minister Nirmala Sitharaman on Friday while addressing the IIM Lucknow National Leadership Awards 2025 in New Delhi said that India cannot have regulations that stifle businesses, adding that such hurdles should be removed with a 'magic wand' every year."Cannot have regulations that stifle businesses, need to remove such hurdles with 'magic wand' every year," said Finance Minister Sitharaman."India sustains growth momentum as fastest growing economy for fourth year in a row," said Finance Minister Nirmala Sitharaman. The Union Minister added that the country's manufacturing activity has been good during fourth quarter.In her 2025-26 Budget speech, the minister had announced that a high-level committee for regulatory reforms will be set up for a review of all non-financial sector regulations, certifications, licences, and permissions."India is sustaining this growth as the fastest growing economy now for the fourth year continuously without a break, thanks to the work of small and medium, large industries, which are coming in and making sure our manufacturing capacity, our service capacity are all intact. Agriculture has also sustained us even during the Covid and subsequently," Sitharaman said.
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