India’s FDI restrictions need a rethink for a competitive economy : US Pioneer Global VC DIFCHQ SFO India Singapore – Riyadh Norway Our Mind

  • Opening up our markets wider would attract capital, create jobs and help the economy grow faster. A more welcoming environment for FDI will also help secure India’s place in global supply chains, ensuring that the fruits of growth are better shared across all segments of society.
India’s journey towards becoming a global economic powerhouse hinges on several factors. One is the ease of doing business. While India had improved its ranking in the chart published by the World Bank’s Doing Business report, it also slipped on some key parameters before the multilateral institution discontinued this annual assessment in 2021 on allegations of discrepancies and rank manipulation.

Conceptually, however, to foster economic growth, making it easier to do business in India is important. Foreign Direct Investment (FDI) also plays a crucial role in this by acting as a catalyst for growth, innovation and job creation. However, restrictive FDI policies in key sectors are hampering the pace of India’s economic advancement. Addressing these challenges is imperative for the country to unlock the full potential of its economy.

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