A
stable political setup that rides on the promise of sustained growth of a
country is closely tied to how well a country can achieve its development
targets. India is no exception to this rule and is favorably placed with a
stable political regime that won with an absolute majority since 1984 elections
and started the “Make in India” campaign. This initiative, targeting both
multinational and domestic companies to set up manufacturing units in India, is
geared towards encouraging in-flow of funds in the economy. In view of this,
government has made sustained efforts to improve the business climate which has
resulted in improved ease of doing business. India’s ranking on World Bank ease
of doing business report 2018 rose to 100 form 130 in 2017. The government recently
liberalized rules for FDI in single brand retail, power exchanges and
construction

Author: