The Cabinet Committee on Investment and Growth (CCIG) was constituted to accelerate economic growth by facilitating investments, especially in key infrastructure sectors. It aimed to address delays in project clearances and improve the overall investment climate in India.
(i) to consider measures to promote investment and growth;
(ii) to consider sector specific reforms and other measures aimed at export promotion, import substitution, accelerating capital inflows, etc.;
(iii) to consider various measures for improving Ease of Doing Business including rationalization and simplification of rules and regulations, etc.;
(iv) to consider measures to fast-track requisite approvals and implementation of key ongoing as well as new projects; and
(v) to consider any other matter relating to boosting investment and growth.
Note:
The Cabinet Committee on Investment and Growth is an important institutional innovation aimed at unlocking stalled investments and accelerating economic growth
What is the Cabinet Committee on Investment and Growth (CCIG)?
It is an extra-constitutional Cabinet Committee formed to promote investment, accelerate economic growth, and address bottlenecks in project implementation.
What is the legal basis of CCIG?
It is constituted under the Government of India (Transaction of Business) Rules, 1961, framed under Article 77 of the Constitution.
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