NEW DELHI — Prime Minister Narendra Modi addressed the World Leaders Forum, highlighting India’s structural shift from restrictive administrative controls to an incentive-focused, trust-based economic architecture.
Emphasizing that global investors view India as a “bright spot of growth,” the Prime Minister contrasted the historic License Raj mindset with current policy continuity. Key reforms include replacing punitive compliance structures with production-linked incentives and systematically dismantling legacy regulatory hurdles to boost enterprise and job creation.
Headline Policy Takeaways
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Regulatory Paradigm Shift: Replaced restrictive “prohibited-unless-permitted” rules with a flexible “permitted-unless-prohibited” governing framework.
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Incentive-Based Growth: Phased out historical Production-Linked Punishment (PLP) mindsets in favor of expanding Production-Linked Incentive (PLI) schemes across manufacturing sectors.
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Compliance Rationalization: Decriminalized minor technical offenses via the Jan Vishwas framework while removing thousands of redundant legal compliances and obsolete laws.
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Infrastructure Priorities: Accelerated investments in core national networks, including modern transit systems (Indian Railways, rapid transit) and upgraded border logistics.
