Amitabh Kant urges focus on business costs to boost Indian manufacturing

Amitabh Kant, the chief executive of NITI Aayog, highlighted that the cost of doing business must be scrutinised to enhance manufacturing output in India. He pointed out that high compliance and operational costs are a major barrier for manufacturers and that policy reforms should aim at simplifying procedures and cutting unnecessary expenses. The remarks were made during a discussion on industrial policy where Kant stressed that a lower cost base would attract more investment and improve competitiveness. He urged the government to review existing regulations and streamline them to create a more business‑friendly environment. The focus on cost reduction aligns with the broader goal of making India a global manufacturing hub.