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Land, Labor Reforms Required to Boost Manufacturing, Says Chief Economic Advisor
March 06, 2019
India’s Chief Economic Advisor (CEA) Krishnamurthy Subramanian said that the government must bring reforms in the land, labor, and financial sector to take the manufacturing sector to the next level. He said that many business leaders have raised complaints about higher borrowing costs, delay in land acquisitions for factories, and archaic labor laws. He also said that the share of manufacturing in the GDP has grown just 1.5% in the last three years to 18%.
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