NDA Government Has Undertaken 'Big Bang' Structural Reforms: Industry Body

New Delhi: As the Narendra Modi government completes two years in office, the Confederation of Indian Industry (CII) on Thursday said the administration has initiated "big bang" structural reforms like setting up NITI Aayog and devolving more power to states.

"In two years, the NDA government has strategically navigated the Indian economy to all-round stability. It has undertaken big bang structural reforms, including more power in the hands of states, establishment of NITI Aayog and empowerment of markets," said Chandrajit Banerjee, director general of industry body CII.

"For investors, critical achievements of the government relate to inflation control, more public investment in infrastructure, social security, fiscal management and tax administration," he added.

The strong emphasis on ease of doing business is delivering results, Mr Banerjee said, pointing out the highest ever inflow of FDI at $55 billion in 2015-16.