New Delhi, June 11 -- India's economic transformation over the past twelve years has moved from incremental reforms to deep structural change, strengthening competitiveness, formalisation and ease of doing business, said Confederation of Indian Industry (CII) President R Mukundan.

Reform-Driven Growth Strengthens Business Environment

In a statement, Mukundan said India's policy direction has consistently focused on reducing complexity in regulations, lowering business costs and improving the predictability of the business environment.

He noted that reforms such as the Goods and Services Tax (GST) have unified India's indirect tax system into a single national market, improving supply chain efficiency and reducing barriers to interstate...