Recently, P.W.C global advisory firm. A survey was conducted between the CEOs around the world. According to this survey, India has become the fifth most attractive market in the world by following Japan in 2018. It is known that India was in sixth position in 2017
India's attraction is growing rapidly in the eyes of investors. India has not only achieved the prominence in the list of attractive markets but also has achieved record level in the case of 'Business Optimism'. However, issues such as cyber security and climate change have remained a matter of concern.
The potential for investment in India:
In the case of business facilitation, India is constantly engaged in the creation of a conducive environment for investors. India has improved 30 places to 100th position in the Is-of-Doing Business Report released by the World Bank.
During the last one year, the government has tried to convince investors by solving the concerns related to areas like infrastructure, manufacturing and skill.
There is a large middle class population in India that prevents the possibility of huge market in India. It is known that the young middle class population is diverse in interests and provides a huge market to the producers.
India has vast potential for investment in infrastructure and services sector. This was recently said by the Indian Finance Minister.
Addressing the meeting of the World Economic Forum, the Indian Prime Minister said that India's meaning is business, which means that the broad business possibilities existed in India.
What other steps need to be taken to promote investment in India?
The situation of infrastructure in India is still weak. It is mandatory to empower this situation. It is important that investors give priority to investment in countries with strong infrastructure.
Cooperation should be promoted between the Center and the states so that there is unanimity between the two level governments in relation to investors.
Regarding land acquisition, the situation remains unclear and uncertain. This situation should be brought about as early as possible.
Though the goods and services have been implemented, but the concerns of businessmen and industrialists have not been fully resolved. It needs to clarify the early situation.
In the matter of cyber security, the situation of the country needs to be empowered.
Conclusion:
It can be concluded that India is making its position in the most attractive countries of the world in terms of investment. Of course, this will encourage investment which is essential for the progress of the country.
