Business Quote by Chanda Kochhar
“Our institutional framework needs to be bolstered further. We have to implement laws like the proposed Bankruptcy Code and GST (Goods and Services Tax), which will create efficiencies and strongly support the business environment.”
About This Quote
Source Speech: Business Conference, 2021
Strengthening legal frameworks like bankruptcy and GST improves business efficiency.
In simple terms: Legal reforms boost business efficiency.
Support reforms for a stronger economy.
Themes
Mood
Type
When to use this quote
- startup financing
- tax planning
- corporate restructuring
- government policy making
Key Concepts
Questions to Reflect On
- What reforms would most benefit your industry?
- How can businesses adapt during regulatory changes?
Implementation can be slow and face political resistance.