Prospects for Foreign Direct Investment in India i
9:30 AM EDT
- This is a non-CLE program
- The timing for this program is listed in US Eastern Daylight Time
India's general elections, conducted in nine phases, ended on May 12, 2014 with record voting levels and a resounding victory for the Bharatiya Janata Party (“BJP”). The new government faces a challenging economic environment, both at home and globally. Post-election, the key issues for consideration pertain to the economic agenda of the new government and implications of government’s foreign and economic policy on crucial industry sectors such as aerospace and defence, infrastructure, manufacturing, power, transportation, insurance, pharmaceuticals and retail. The new government may revisit FDI in strategic industry sectors, multi-brand retail. It will be challenged to reconcile demands for revenue against chronic business objection to the complications and vagaries of India’s tax regime. Of special importance to foreign companies will be whether the new government can deliver on its pledges to reduce corruption and transform historically sluggish government bureaucracies. What can Narendra Modi take from his accomplishments for Gujarat to make India more "businesslike"?