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Another important impetus to growth will be Asian countries' willingness to embrace technology and cultivate innovation, as part of their broader push to advance economic restructuring, said Zhou Wenzhong, former secretary general of the 2018 Boao Forum for Asia.

Apart from streamlining permit approval, another policy will allow the issuance of a work permit valid for two years, double the current normal permit validity, to foreigners who work in high-tech companies and other fields favored in the demonstration zone.

Any picking up of the gauntlet on trade and investment would require genuine redressing of the trade imbalance and reciprocal market access for India, failing which, New Delhi sees the process as non sequitur in the India growth story.

Any harmful content, such as pornography, violence or gambling, must be prohibited, the notice stated.

Anti-graft authorities can post online information of corrupt officials, including those fleeing overseas, meaning there will be more chances to capture them, said the commentary.