Democracy, foreign policy, internal stability, steps to reduce cost of doing business & commitment to cutting carbon emissions could all help India attract foreign investment.
Karnataka could create history this fiscal by trumping Maharashtra, Gujarat & Delhi as India's No. 1 investment destination. It was in 2008-09 that a state last accounted for 45% of total FDI.
Signed by Maharashtra Industrial Development Corporation, MoUs come with proposed investment of nearly Rs. 15,260 crore and potential to generate direct employment for 10,851 people.
Union minister Ashwini Vaishnav said 9 structural reforms were approved in the sector, adding these measures are expected to ease the cash flow issues being faced by some people.
The Modi-led central government is looking at the LIC IPO, slated to be India’s largest ever, to help narrow its budget gap to 6.8% of GDP in the year through March 2022.
Restrictions on banking led to limited capacity for new entrepreneurs to have access to resources. It allowed the old elite to continue dominating. This order must be shaken up now.
The increase in FDI to 27% from $51 billion in 2019 was pushed up by acquisitions in the information and communication technology industry due to the pandemic, the UN report said.
In terms of top investor countries, Singapore is at the top with 29 per cent share. It was followed by the US with 23 per cent and Mauritius with 9 per cent during the last fiscal.
‘Punishment’ postings are not new. If you want to punish an IAS officer through transfer, which has been the practice in several states and now Centre, there is no need to search for ‘hard areas.’
Doval's comments came at 4th Regional Security Dialogue on Afghanistan attended by national security advisors from Tajikistan, India, Russia, Kazakhstan, Uzbekistan, Iran, Kyrgyzstan & China.
Global order is in flux, and India is being wooed by all. It opens up economic, strategic & military possibilities unimaginable till recently. It is for India to take this opportunity.