These measures will give foreign and domestic investors a reasonable employment law framework, end intrusive labour inspections and reduce government interventions in the day-to-day running of businesses in India. This is expected to help attract more FDI.
The $14-billion programme to build farm gate infrastructure can prevent wastage of farm produce worth $40 billion, transform the face of rural India and open up massive opportunities for foreign and domestic investors in India’s agriculture sector.
Keeping in mind the dictum that every challenge is also an opportunity, the time is right for the Narendra Modi government to launch second-generation reforms to unshackle the economy and put it back on the high growth trajectory.
It’s time to bring back development finance institutions, and reform the bond market so Indian businesses can raise money at competitive rates, writes India Inc Founder and CEO Manoj Ladwa. Highlights: India needs alternative sources of finance for its long-term infrastructure development and other needs. The government must encourage large corporates to float new development financial institutions to channel household savings and foreign borrowings into productive assets. RBI should subscribe to bonds issued by companies or set up a dedicated [...]
The President and CEO of US-India Strategic Partnership Forum touches upon the various areas the Indian government must focus on as it aims to secure a fruitful US-India trade deal. Highlights: The current US-India partial trade deal should be visualised as the beginning of an important chapter towards a larger Free Trade Agreement. Allowing negotiations for a trade deal covering a handful of market access issues shows the Trump administration’s recognition of the value of the US-India partnership. India needs [...]
India’s withdrawal from the RCEP trade pact indicates that it remains open for business on its own terms and is also an acceptance that reforms must carry on at pace, writes India Inc. Founder & CEO Manoj Ladwa. Unanimity and consensus are difficult to achieve in India but Prime Minister Modi’s decision to pull out of the Regional Comprehensive Economic Partnership (RCEP) deal has been welcomed by almost all stakeholders – political parties, businesses and farmers associations. For me, this [...]
India has made considerable strides on the ease of ‘Doing Business’ with a strong reform agenda, writes the World Bank expert behind the rankings. The last four years have seen India make tremendous strides on the ease of doing business, as measured by the World Bank Group’s ‘Doing Business’ report. India has climbed to a global rank of 77, out of 190, in the latest report and was also recognised as a top improver for a second consecutive year, a [...]
There are several signs that India's economy is undergoing a sustainable turnaround that promises to take it to a higher growth trajectory. But there are significant risks, including the possibility of a fickle Monsoon that cannot be wished away. The rain gods, Indian policy-makers, industrialists and human resource managers seem to be coming together on the same page. The green shoots of growth in India's economy seem to be pointing towards a sustained recovery after several false dawns and red [...]