Use crisis to unleash reforms: Mahindra

MUMBAI: Industrialist Anand Mahindra has stated that US tariffs may have the unintended penalties of making new development drivers, and India ought to use the chance to unleash reforms like in 1991 and promote tourism as a foreign exchange engine. In an elaborate publish on X following the tariff bulletins, the Mahindra & Mahindra chairman outlined his two proposals – creating a real single-window clearance system for all investments, beginning with keen states aligning to a nationwide platform to ship velocity, simplicity, and predictability and draw world capital; and positioning tourism as a significant international trade earner by fast-tracking visas, bettering facilitation, and creating safe, hygienic tourism corridors round key hotspots as fashions for nationwide requirements. Mahindra stated that the friction with the US has nudged Europe to rethink its safety dependence, main to greater defence spending.