Political realities to weigh on economic decisions: ASSOCHAM
While the new GST regime has not gone down well with traders and with major...
While the new GST regime has not gone down well with traders and with major states going to the polls in 2018, India Inc needs to factor in the political realities weighing on economic decisions of the government, industry chamber Assocham has said.
A day ahead of the results of the Gujarat elections, an Assocham release said that corporate India's expectations on tough reforms, like on labour laws, “should be muted” since these may not go well with the public at a time when elections are due in many states.
“Any tough reforms, like flexibilities in labour laws, may not go well with popular sentiment and thus India Inc's expectations on this front should be muted”, the industry chamber said in a note based on its internal assessment.