By Aman Thakker & Vikram Albrecht — Status: In Progress – The 2013 Land Acquisition Act requires the consent of 70 to 80 percent of land owners before any land can be acquired, and mandates higher-than-market rates for land acquisitions for rural and…
By Amy Hariani — Status: Incomplete – Prime Minister Modi had reportedly requested the Ministry of Law and Justice to prepare a draft regulation that would open India’s legal market to foreign lawyers. However, no steps have been taken since. Difficulty: High – Moving forward on…
By Anit Mukherjee — Status: In Progress – The Modi government has created a new portal to track its efforts to transition to a direct benefit transfer model in India Difficulty: High – With the size of India’s population, and the difficultly in targeting remote and…
By Afeena Ashfaque — Status: Incomplete – The Modi government announced in 2015 that it would continue the current fertilizer subsidy policy for another four years, demonstrating a lack of intent in tackling this reform Difficulty: High – With India’s farming community serving as an important…
By Raymond E. Vickery, Jr. — Status: Incomplete – While the Modi government declared its intention to gradually reduce the subsidies on kerosene, market-friendly reforms have continued to elude the government as government controls and subsidies on kerosene remain in place. Difficulty: High…
By Raymond Vickery — Status: In Progress – In March 2016, the government did announce a new policy to bring in a revenue-sharing model in natural gas production. However, it has yet to completely deregulate natural gas pricing. Difficulty: Medium – Completely deregulating natural…
By Mukesh Butani & Russell Gaitonde — Status: Incomplete – While the Securities and Exchange Board of India (SEBI) has made some changes, meaningful reform to raise the ceiling on foreign institutional investors has not yet occurred. Difficulty: Low – Raising the ceiling on…
By Aman Y. Thakker — Status: In Progress – While India’s government has made attempts to reduce the amount of time it would take to set up business and obtain permits from the government, the creation of a single-window for clearances…
By Afeena Ashfaque — Status: In Progress – The Modi government has not yet been able to significantly reduce agricultural subsidies for the Minimum Support Price. Difficulty: High – The ability to realize this reform has been complicated by efforts to fulfill the government’s…
By Aman Y. Thakker — Status: In Progress – While the government has allowed 100 percent FDI in single-brand retail, it mandates that foreign firms source 30 percent of what they sell from local manufacturers. On multi-brand retail, government restrictions…
