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India needs to liberalise, change policies to attract more FDI: Nazareth |
Policy analyst Premila Nazareth has
emphasised that India needs to liberalise and change its policies to attract more
foreign direct investments. During the release of the annual study of worldwide
investment trends by the United Nations Conference on Trade And Development
(UNCTAD)
in the national capital, Nazareth also blamed the bureaucracy in India for being
the main reason for less inflow of FDI. "FDI policies do not need much changes
to increase fund inflows. Policies are fine. The rest of the policies, bureaucracies
and regulations are creating problems for people and these are the reasons behind
less inflow of FDI. The policies are liberal, but we need to change and liberalise
the sectoral policies of various sectors for private investments," Nazareth said.
Nazareth further said that India and China are being seen as strong contenders
for the Global Direct Investment (GDI) due to their emerging economy status. "India's
position as a recipient country in the global FDI picture is only going to strengthen
over the next few years because global investors are now looking more and more
the emerging world as a whole. China and India are seen as very strong players,
markets with guaranteed growth in a way and this is only going to grow," Nazareth
added. |
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