Following a landmark election verdict, investors and corporate India had expected to see a faster transition towards banner reforms in governance, processes and factor markets. This progress had been slower than anticipated, despite the government’s strong intent, which was reflected through promulgating ordinances. Contrary to perception, the first half of the ongoing budget session emerged as one the most productive parliament sessions in many years. The Lok Sabha (lower house of parliament, where the government has a majority) passed 14 Bills while the Rajya Sabha cleared 7 and both the Houses passed a set of 7 Bills. The Lok Sabha registered a 123%, productivity while Rajya Sabha too worked for 107% of the scheduled time.
With private sector investment momentum