India accounts for nearly 18% of the world’s population but only 3.5% of the world GDP and <2% of global merchandise trade. With global value chains (GVCs) driving over 70% of international trade, India’s growth story hinges on its ability to integrate into and scale within these networks. To grow rapidly, India must aim for export scale by aligning its manufacturing capabilities with GVC lead firms and fostering a globally competitive ecosystem.

India's regulatory landscape is needlessly burdensome and inefficient across every category―labour, land, customs, financial and environment regulations. These are keeping Indians from being global champions by deterring businesses―especially small and medium enterprises―from scaling operations and creating employment. Simplifying these regulations and ensuring flexibility will attract both domestic and international investors, enhancing employment generation and raising productivity.