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    A US perspective on why it has become easy to do business in India

    2018-12-04T11:58:53+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

    One of the policy chiefs at the US India Business Council (USIBC) presents a kind of first-hand account of India’s journey towards easing up its business environment. In 2016, India moved up several places in the World Bank’s ‘Doing Business’ Rankings. Why the quick leap?  In part, because of the government of India’s singular, constant, and relentless focus on making India a welcome destination for Foreign Direct Investment (FDI) and for business. Prime Minister Modi started, early in his administration, [...]

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      Reforms Rush

      2018-12-04T11:53:49+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

      The Narendra Modi government is pushing ahead with economic reforms – with renewed vigour and welcome urgency. After appearing to be blindsided for a while by the obstructionist tactics and filibustering by the Opposition and some of its allies, which surprised everyone by punching well above their weight, the ruling side has regained its mojo. The momentum began to swing the government’s way in the Budget Session of Parliament, when the Rajya Sabha, where the BJP-led National Democratic Alliance (NDA) [...]

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        Open Sesame: The FDI magic India had hoped for

        2020-03-12T08:13:44+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

        The Narendra Modi government firmly underlined its reformist credentials and signalled unequivocally to foreign investors that it is serious about economic liberalisation by opening up or easing foreign direct investment (FDI) norms for nine sectors including defence, pharmaceuticals, food processing, single brand retail and aviation. “Today's FDI reforms will give a boost to employment, job creation & benefit the economy," Modi said on Twitter shortly after the announcement of the new FDI norms. The Indian Prime Minister, who invoked his [...]

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          GST offers some renewed hope for India’s tax reform

          2020-03-12T08:13:45+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

          The Goods & Service Tax (GST) Bill, which has been held up in the Rajya Sabha for years, now stands a good chance of being passed into law.  The Congress, which has been opposing the bill in its current form with support from like-minded parties, looks politically isolated following the change in the composition of the Upper House, where the ruling National Democratic Alliance (NDA) now has more members than the Congress-led United Progressive Alliance (UPA) after biennial elections on [...]

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            Monsoon Watch: Green shoots of economy await growth spurt

            2018-12-04T11:58:24+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

            An analysis of how the promise of a good Monsoon offers the much-needed turning point for the Indian economy. Indian finance minister Arun Jaitley, his team at North Block, farmers, analysts and investors will have one eye peeled firmly on the skies. Will rain gods be bountiful this year? After two successive years of drought, which have hampered the government’s concerted efforts to revive the economy, there is hope for a normal Monsoon – and a sharp economic recovery – this year. The [...]

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              An insight into India’s tough but fair negotiator

              2020-03-12T08:13:00+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

              Senior columnist Ashok Malik delves into what makes one of India's most dynamic ministers, Nirmala Sitharaman, ideal for the commerce and industries portfolio. As India’s commerce and industry minister, Nirmala Sitharaman has two major mandates. The first is to promote Make in India, a programme of enhancing the role of manufacture in India’s economy and integrating India with global supply chains. The second is to give political support to India’s trade negotiators in a time when protectionism and “plurilateralism” are [...]

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                Some gains on ease of Doing Business, but more needs to be done

                2020-03-12T14:41:52+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

                The World Bank’s representative working at the heart of the definitive ‘Doing Business’ rankings revisits the Indian government’s pledge to improve the country’s rating on global charts. The overall assessment is good but there is a long road ahead to achieve a truly business-friendly environment. The private sector is often described as the ‘engine of economic growth’, given its critical role in creating jobs, which enable citizens and countries to prosper. However, several factors, such as lack of access to [...]

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                  India jumps up global retail investment charts

                  2018-12-04T11:51:05+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

                  A spike in GDP growth, improved ease of doing business environment, and better clarity regarding foreign direct investment (FDI) regulations are among the key factors behind India being named as the second most attractive destination for retail investments in the world. In a clear indication that the Narendra Modi led government’s reforms agenda is bearing fruit, India jumped 13 positions from 2015 to be ranked second, after China, in A.T. Kearney’s Global Retail Development Index (GRDI) for 2016. India’s retail [...]

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                    Momentum is behind ease of doing business in India

                    2018-12-04T11:43:25+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

                    Nirmala Sitharaman, India’s commerce minister, maintains a punishing 14-15 hour daily work schedule. Over the last two years, she has been in the thick of the action and has earned a reputation for being a tough task master and a committed reformer. She spoke exclusively to India Inc.'s Consulting Editor Arnab Mitra and discussed a wide range of economic issues in this exclusive interview. There have been mixed reports on how Brexit will impact India. What is the government’s take [...]

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                      Rexit Reality Check: Investors don’t have much to fear

                      2018-12-04T11:40:31+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

                      Now that Brexit is done, dusted and fading from the front pages of Indian newspapers, it is time to return to a question that has more immediacy in the domestic context: What after Rexit? The shrill reactions have subsided. Knee jerk reactions like “After Rexit, ruin,” have, fortunately, proved premature and alarmist. Rexit, of course, borrowing a reference from Brexit or Britain's exit from the European Union (EU) to reflect Raghuram Rajan's impending exit as Reserve Bank of India (RBI) [...]

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