Economy

Reuters reveals India to see 'big-bang' reforms in Modi's second term

Reuters reveals India to see 'big-bang' reforms in Modi's second term

India’s new government is likely to bring reforms in labor laws, initiate privatization and create land banks for new industrial development, a top official at the government’s main thinktank revealed to Reuters. Rajiv Kumar, vice chairman of NITI Aayog (National Institute for Transforming India), who reports directly to Prime Minister Narendra Modi, said the government was likely to hit the ground running.