Orissa : Investment Climate Assessment 2005, Towards a High Performing State

Abstract

In carrying out the program for investment climate reform, Orissa State has to keep three things uppermost: It s critical to strike the right balance between private and social interests so that both are mutually reinforced and growth is equitable and inclusive. 2) Both the implementation capacity of government and the political economy of reforms will require appropriate prioritization of reforms with a clear identification of short-, medium-, and long-term actions. Building capacity in the public sector to analyze IC issues and formulate and implement policies will have to be an integral part of the reform process. 3) The credibility of policies and reform programs is key. Policymakers must put their full force behind a speedy and robust implementation of the reforms, by developing a credible action plan with time-bound outcomes and a monitoring mechanism to track reforms.