The writer is the chairman of Brookings India and senior fellow, Brookings Institution.
What investors really want
Modi 2.0 must move the needle towards meeting necessary conditions for incentivising investment.
Business sentiment is grim. Few corporates have the financial capability to invest; even fewer the desire. The reasons are several but the common thread linking all corporates is a concern about the direction and predictability of the policy and regulatory environment. There is a lack of confidence in the ability of the leadership to convert the political promise of “ease of doing business” into bureaucratic performance. There is a “trust deficit”. The government will have to bridge this deficit to realise its economic growth strategy.
No hay comentarios:
Publicar un comentario