Washington: India “remains a challenging place” to do business, the US said, urging him to grow an interesting and reliable investment climate by reducing obstacles to investment and minimizing bureaucratic obstacles.
The Ministry of Foreign Affairs, in the investment climate report ‘2021: India’ was released on Wednesday, said that India “remains a challenging place to do business” and also refers to the removal of special constitutional status from the State of Jammu and Kashmir (J & K) and the passage of the citizenship amendment law (CAA).
“New protectionist actions, including tariff increases, procurement rules that limit competitive choices, sanitation and phytosanari measures that are not based on science, and Indian specific standards are not aligned with international standards, effectively close producers from the global supply chain and limit expansion on bilateral trade , “said the report.
In his report, the Ministry of Foreign Affairs said that the first 100 days of the National Democratic Alliance (NDA) of the second term was marked by two “controversial” decisions.
Removal of special constitutional status from J & K and the passage of CAA, he said.
India stated that CAA was “internal problems” and that “no foreign parties have locuses about problems related to Indian sovereignty”.
India has firmly told the international community that Scrapping Article 370 is its internal problem.
Report of the Ministry of Foreign Affairs said that the protest followed the enactment of the CAA but ended in the emergence of Covid-19 in March 2020 and the imposition of a strict national kuncian.
“Management of Covid-19 is a dominant problem by 2020, including a decrease in economic activity and in December 2020, economic activities began to show signs of positive growth.” The government led by BJP has faced some criticism of his response to his response to his response to his response to his response to a recent surge in the Covid-19 case, “he said.
The State Department said that in response to the economic challenges created by Pandemic Covid-19 and The national locking produced, India applies a broad social and economic welfare program and increases expenses for infrastructure.
and public health.
“The government also adopts incentives related to production to promote manufacturing in the fields of pharmaceutical, car, textiles, electronics and other sectors.
These steps helped India recover from about eight percent of GDP decline between April 2020 and March 2021, with positive growth back in January 2021, “he said.
Noting that the Indian government continued to be active by the foreign investment court, the report said to Wake of Covid-19 , India enacted ambitious structural economic reforms, including the new labor code and the reform of the agricultural sector landmark, which will help withdraw foreign and foreign foreign investments.
In February 2021, Minister of Finance Nirmala Sitharaman announced plans to collect USD 2.4 billion privatization programs.
What is ambitious that will dramatically reduce the role of the government in the economy.
In March 2021, the parliament continued to involve the Indian insurance sector, increasing the limits of foreign direct investment (FDI) to 74 percent from 49 percent, even though it still needed a majority.
The Board of Directors and Management personnel became Indian citizens, said lap Oran.