Use crisis to unleash reforms: Mahindra

MUMBAI: Industrialist Anand Mahindra has mentioned that US tariffs could have the unintended penalties of making new progress 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 put up 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 prepared states aligning to a nationwide platform to ship velocity, simplicity, and predictability and draw international capital; and positioning tourism as a serious international alternate earner by fast-tracking visas, enhancing facilitation, and creating safe, hygienic tourism corridors round key hotspots as fashions for nationwide requirements. Mahindra mentioned that the friction with the US has nudged Europe to rethink its safety dependence, main to increased defence spending.