Barriers in trade have fallen due to NDA govt's reforms: US corporate body

Barriers in trade have fallen and many processes have been simplified as a result of the series of key reforms instituted by the Indian government, a top corporate body from Silicon Valley has said.

The Bay Area Council, in its latest report on India, said that sustained economic growth and national strategies that push digitisation across a range of sectors and services are creating unique synergies with the Bay Area that open the door to new opportunities, as Bay Area companies expand their global footprint and diversify their market presence in Asia.

"India remains a complex place to do business, but with reforms instituted by the Modi government, barriers have fallen and many processes have been simplified. The re-election of Prime Minister Narendra Modi to a second term in May 2019 assures that these reforms will continue," the Bay Area Council has said.

The report 'The Bay Area-Silicon Valley and India: Convergence and Alignment in the Innovation Age', said that as with any ...