Opinion | How pursuit of good governance is driving investments in India
4 years ago

Opinion | How pursuit of good governance is driving investments in India

Live Mint  

The saying goes, "The pessimist complains about the wind. While foreign portfolio investor inflows across emerging economies witnessed a decline due to the pandemic, India recorded a surge to $13.5 billion - a testimony to investor confidence in India's growth story. The National Infrastructure Pipeline, a ₹13 trillion project, is one of the examples of how Prime Minister Narendra Modi's National Democratic Alliance government has tried to open up avenues for infrastructure investment for global investors and at the same time built world class infrastructure that will facilitate businesses to expand their presence in the country. Various other steps such as allowing NRI’s to acquire up to 100% stake in Air India, 26% FDI in digital sector, permitting 100% FDI through automatic route in the coal mining sector, and 100% FDI for insurance intermediaries signal the government’s intention to open up the economy to investments. Be it the presence of Invest India, the National Investment Promotion Agency, at the World Economic Forum or winning the 2020 United Nations Investment Promotion Award, the efforts are telling.

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