Simpler laws, trust-based governance key to India’s growth: FM Sitharaman

New Delhi, Dec 21: Union Finance Minister Nirmala Sitharaman on Sunday said that the Chintan Shivir offers a platform for higher-order thinking and that such discussions, when translated into policy, can accelerate India’s transition towards Viksit Bharat.

FM Sitharaman was speaking after chairing the Chintan Shivir of the Ministry of Finance and the Ministry of Corporate Affairs in Karnataka’s Vijayanagara.

“Chintan Shivir provides a platform for higher-order thinking, which, when translated into policy, can accelerate India’s transition towards Viksit Bharat,” she said.

“Governance reforms must focus on simpler laws and facilitative administration, anchored in trust-based governance rather than presumptions of non-compliance,” FM Sitharaman added.

Highlighting the role of technology, the Union Minister stated that AI can support groundwork and help detect evasions, but must remain guided by human intelligence.

“Sustained prosperity is essential for reducing poverty and inequality,” FM Sitharaman stated.

The Chintan Shivir focused on three broad areas linked to the goal of building a developed India.