‘India needs another round of reforms’

India needs another round of reforms for better GDP growth and rid itself of unnecessary regulations to reduce corruption,Paris-based think-tank OECD has said.

Written by Press Trust Of India | Nay Pyi Taw (myanmar) | Published: June 11, 2013 4:39 am

India needs another round of reforms for better GDP growth and rid itself of unnecessary regulations to reduce corruption,Paris-based think-tank OECD has said.

“Our basic view is that India needs another round of reforms,” OECD Deputy Secretary General Richard Boucher said in an interview.

Boucher said,“India needs to do things to increase government efficiency,smoothing the way for projects,reduce regulatory burden on companies and open up some more to competition. So,we think that another round of reforms is necessary.”

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