Commentary By: Priya Mahajan, Head of ASPAC Public Policy & Regulatory Counsel, Verizon Business Group
Over the last few years, the Government of India has made great strides to foster the growth and development of the Indian IT and telecommunication sector, strengthening the economic and digital transformation in the country. In particular, we are pleased to note India’s huge rise in the World Bank’s ‘Ease of Doing Business’ report.
As India sits on the cusp of a sustained period of economic recovery and growth, one of the keys to success lies in continuing to make the necessary reforms in the relaxing of tax structures that have played an integral role in developing the country’s economic prowess.
The recently announced telecom reforms by the Department of Telecommunications is a welcome start. To this point, we strongly believe that the continued promotion of legal certainty, predictability and global consistency will further foster Innovation and Investments, particularly in the vital areas of Cybersecurity, Artificial Intelligence and 5G