India's growth story drawing global investor attention, but policy predictability key to unlocking more FDI: USIBC Prez Atul Keshap
Global investors are reassessing India's economic prospects due to its strong growth. US investors see confidence boosted by India's infrastructure and reforms. More regulatory opening is needed to attract greater foreign direct investment. Policy predictability is crucial for attracting large, long-term capital commitments. India's ambition to become a developed economy shows strong momentum.
India's robust economic growth is drawing global investor interest, but USIBC President Atul Keshap emphasized the importance of policy predictability in unlocking more foreign direct investment (FDI). Keshap highlighted that India's infrastructure development, regulatory and tax reforms, and efforts to boost the economy have bolstered confidence among US investors.
American investment has already poured into sectors like electronics manufacturing and defense. Keshap called for greater regulatory opening to facilitate even more FDI, including in capital market flows. He stressed that India has the potential to build outstanding, global stock exchanges and financial markets, and that further regulatory reforms could lead to significant economic gains and help the country achieve developed status.
Keshap also stressed the need for policy predictability, stating that businesses require clarity in the regulatory and tax environment before committing capital. As the US-India Business Council prepares to host the B20 in Washington, D.C., Keshap noted that India would enter the gathering with strong momentum following 7.8% GDP growth and its ambition to become a $30 trillion economy by 2047.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
