FOREIGN INVESTORS RESPONDING MORE TO “MAKE IN INDIA”
INDIAN COMPANIES STILL HESITANT
2016-03-04 11:10
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The Economic Survey 2016-17, a pre-budget document to review the economic health of the country, was emphatic in focusing foreign investors’ upbeat on Make in India campaign. However, the survey was silent on domestic investors’ reciprocation. In the first year of Make in India campaign, domestic investors were impressed by Modi government’s Minimum Government Maximum Governance slogan and his assertiveness to push reforms which were restricting investment in the country. Domestic investors were jubilant to announce several new projects in the hope of good days ahead.