Indian Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter.
As part of an election pledge to transform India into a global manufacturing hub, Modi wants to offer subsidies for domestic production modeled on recent packages for semiconductor firms and electricvehicle makers, said the officials, who spoke on condition of anonymity because they were not authorized to talk to media.
The premier also plans to reduce import taxes on key inputs for locally made goods, which have pushed up India's manufacturing costs, the officials said.