The first area on which the new government will focus is improvement in the business environment, which has remained challenging since the credit crisis. Policy uncertainty, corruption-related probes and regulatory hurdles have led the business environment to deteriorate, it said.<br />Given the weak growth driven by sluggish investment and consumption coupled with high inflation, it is pertinent for the government to come up with a holistic roadmap to improve the growth outlook, Morgan Stanley said.<br />"The government needs to cut back on less effective redistributive polices and implement reforms that will boost productive investment and job growth," it added.<br />The Budget is likely to stress the need for improving business environment apart from providing a framework to streamline project approvals and providing clarity on the retrospective taxation issue which has dented the investor confidence, it added.<br /><br /><br />For More information on this news visit : http://www.newsx.com/<br />Connect with us on Social platform at : http://www.facebook.com/newsxonline<br />Subscribe to our YouTube Channel : http://www.youtube.com/newsxlive
