India is now at its inflection point, with a stable elected government having majority in the house and led by a dynamic Prime Minister in Mr Narendra Modi. This government has its focus and attention in the right direction and has been at the forefront.

Some of the key reforms introduced in the last couple of years are:

Goods and Services Tax

  • This much talked about reform was finally implemented from July 1, 2017 after years of preparation. This has removed the multiple taxes across states and combined a host of taxes under a single umbrella.
  • Benefits for the Logistics Industry: Road transportation transit times have reduced by over 30% due to abolishment of Octroi Checkposts at the border leading to huge savings for the sector.

    • Demonetisation

  • A surprising move by the government in banning Rs 500 and Rs 1000 notes overnight on November 8, 2016 with an aim to unearth black money and bring more and more people under the tax net. The move succeeded partially but is seen as one of the most daring moves of this government.

    • Affordable Housing

  • An ambitious plan launched by the government to provide affordable housing to over 40 Million people living below the poverty line. The vision is to ensure that by 2022, every family in urban cities will have a house with water, electricity and toilet.

    • Gram Jyoti Yojana

  • Another of the governments ambitious plans to electrify all the villages in India. This project holds massive potential for the power industry and the logistics sector and there will be massive investment in this sector to meet the increased demand.

    • Infrastructure push in Ports/Roads and Metro

  • There is a renewed push in infrastructure investments across road development, ports and building of Metro Rail in various cities.
  • Already Metro is up and running in Mumbai/Delhi/Chennai/Kolkotta/Kochi/Lucknow/Bangalore. Plans are afoot in other major cities as well along with development of additional networks in the existing metro networks.
  • With the Sagarmala project there is a potential investment of $120 Billion to modernize India's Ports so that port-led development can be augmented and coastlines can be developed to contribute in India's growth.

    • Make in India

  • Make in India is an initiative launched by the Government of India to encourage national, as well as multi-national companies to manufacture their products in India.
  • It was launched by Prime Minister Narendra Modi on 25 September 2014. India emerged, after initiation of the programme in 2015, as the top destination globally for foreign direct investment (FDI), surpassing the United States of America as well as the People's Republic of China. In 2015, India received US$63 billion in FDI.

    • Renewable Energy

  • Government of India has a target of adding 175 GW of renewable power in the country by 2022, which will offer massive investment opportunities across the value chain. This includes 60 GW from wind power, 100 GW from solar power, 10 GW from biomass power and 5 GW from small hydro power.