Corporate Governance Reforms in India towards Viksit Bharat 2047"

Corporate governance in India has improved steadily since the period of economic liberalization. However, as India moves towards its long-term development goal of Viksit Bharat 2047, corporate governance systems need to further align with global standards of transparency, accountability, sustainability, and stakeholder participation. This study examines recent corporate governance reforms in India, including changes in laws, regulatory frameworks, compliance requirements, and institutional practices. It evaluates whether these reforms are sufficient and consistent with India’s development vision for 2047. The study also identifies key factors driving governance reforms, highlights existing challenges and gaps, and suggests measures to strengthen the corporate governance framework. Strengthening governance practices is essential for improving investor confidence, promoting ethical business behaviour, and supporting sustainable economic growth in India.