The framework will likely lead to policies that could incentivise private investment proposals having employment potential, enable greater public-private partnerships in infrastructure projects through upfront government support, help draw patient capital for long-gestation projects by removing policy hurdles through regular reviews of rules and regulations, among others, he told ET.
«Low-hanging fruit» would be targeted regularly in between more difficult reforms, so that the momentum doesn't get lost, he said.

The economic framework, mooted in the July 2024 budget, will focus on how the government will determine reforms in key sectors and areas, including in factors of production, institutionalising an architecture for regular reforms. States would be key partners in this initiative.

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