The Indian government is set to establish the Mediation Council of India (MCI) by the end of the year, aiming to promote out-of-court dispute resolution and enhance the ease of doing business in the country. The MCI, formed under the Mediation Act of 2022, will oversee the regulation, education, and certification of mediators, ultimately aiming to make mediation a preferred method for dispute resolution, particularly for businesses.
Startups in India eagerly anticipate the new government’s policies that will address their unique requirements for growth and success. Industry leaders anticipate significant shifts in the insurance sector, with a focus on financial inclusion, customer protection, and digital enterprise. Additionally, startups expect the government to prioritize ease of doing business, digitization, and support for research and development, infrastructure development, and financial assistance. The business community looks forward to policy continuity and initiatives that leverage India’s strengths in demographics, digitalization, and AI to drive economic growth.
