India will soon become third largest economy, focusing on providing 'trust of doing business' in country:

India is on the cusp of becoming the world's third-largest economy, buoyed by a series of strategic reforms aimed at enhancing the business environment. As one of the most significant emerging economies, India has undertaken transformative measures, including the implementation of the Goods and Services Tax (GST) and the rationalization of corporate taxes. These steps are designed to simplify the tax landscape, fostering a more business-friendly atmosphere. In addition to tax reforms, the Indian government has focused on decriminalizing certain business-related laws, which previously posed challenges to entrepreneurs and corporations. This move is part of a broader strategy to reduce bureaucratic hurdles and build a robust framework that promotes the "trust of doing business" within the country. By creating a more transparent and predictable regulatory environment, India aims to attract increased foreign investment and stimulate domestic enterprise. These reforms are complemented by India's commitment to digital transformation and infrastructure development, which are crucial for sustaining economic growth. As the nation continues to modernize its economy, it is poised to not only climb the ranks of global economic powerhouses but also offer a more reliable and enticing landscape for businesses worldwide. With these concerted efforts, India is setting the stage for a prosperous future, emphasizing sustainable and inclusive growth.

— Authored by Next24 Live