India, Jan. 31 -- The Indian economy has to unlock its growth potential from within with globalisation no longer being able to provide a tailwind - that is the central message of the Economic Survey 2024-25, and its first suggestion in this direction is to streamline governing processes through deregulation at every level of governance and allow entrepreneurship to grow. The document termed this "getting out of the way".

It proposed deregulation to help micro, small and medium enterprises (MSMEs) grow. "Deregulation is about removing the fear of growth in micro, medium and small enterprises. And this is about the plumbing nuts and bolts of deregulation which are primarily there in the state and local government space," Chief Economic Adv...