Improving reading speed and comprehension is crucial for success in the CAT exam. Strategies to enhance these skills include reading a variety of materials, actively engaging with the text, minimizing subvocalization and regressions, increasing eye span, previewing the passage, focusing on keywords, practicing speed reading techniques, taking regular breaks, and practicing mock tests. These methods will help improve both reading speed and understanding, leading to a better score in the VARC section of the CAT exam.