V. Anantha Nageswaran, Chief Economic Adviser, emphasizes global competitiveness and other factors that impact foreign direct investment in India at the 13th PAFI annual forum.
At the 13th PAFI annual forum in New Delhi, Chief Economic Adviser V. Anantha Nageswaran discussed India's ability to attract foreign capital. Mr. Nageswaran underscored the importance of global competitiveness for the industry, given the changing global investment decision environments.
He further emphasized that investor protection, tax-policy certainty and consistency, availability of skilled talent, and logistics are other factors that significantly influence investment decisions in India. Additionally, Mr. Nageswaran pointed out that shifting global interest-rate environments could have a substantial impact on the cost of capital and cross-border investment flows.
Mr. Nageswaran's comments were made in context of broader manufacturing and overall reforms in India, highlighting the Indian government's focus on attracting foreign investment to bolster the economy.
Source:
Akashvani News
