India is today the second fastest growing economy in the world next only to China. Our large and growing market, a vast pool of skilled manpower and strong institutional / policy framework can make India a preferred choice for investors. These positive features are the result of calibrated changes that have been introduced over time in our policies related to trade, FDI, industrial, exchange rate and macroeconomic stability over the past two decades.
While changes in broad policy will continue, we are at a stage of development, where the next phase of our growth will be decided by how we move ahead in the realm of ‘process’ or ‘procedural’ reforms and improve the business environment. While India is consistently ranked amongst the top countries in terms of attractiveness as an investment destination, yet, when it comes to the ease of doing business on the ground, we lag much behind. more..