June/July 2016

/Tag: June/July 2016

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 [...]

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 [...]

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) [...]

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 [...]