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VOL. 11, ISSUE 4 (2025)
The effect of government policies and reforms on the Indian business environment
Authors
Akansha
Abstract
India has undergone major policy reforms in
the past few decades, resulting in significant changes in its business
environment. These policies and reforms have had a profound impact on the
country's economic growth and development. From liberalization of trade to
privatization of key industries, the Indian government has taken bold steps to
attract foreign investment and improve domestic businesses. One of the most
significant policies that transformed India's business landscape was the
economic liberalization policy introduced in 1991. This policy ended the era of
strict regulation and protectionism, allowing for more open markets, foreign
investment, and globalization. As a result, many international businesses
started investing in India, leading to an influx of capital and advanced
technology into various sectors. Furthermore, the implementation of Goods and
Services Tax (GST) has simplified tax regulations for businesses by replacing
multiple state-level taxes with a unified tax system. It has not only reduced
compliance costs but also created a level playing field for both large
corporations and small enterprises. The Indian government also launched
initiatives such as “Make In India” to boost domestic manufacturing industries
and “Start-Up India” to encourage entrepreneurship among young minds. These
programs have further contributed towards creating a conducive environment for
businesses to thrive by providing financial support, infrastructure facilities,
and other incentives.
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Pages:6-10
How to cite this article:
Akansha "The effect of government policies and reforms on the Indian business environment". International Journal of Commerce and Management Research, Vol 11, Issue 4, 2025, Pages 6-10
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