India has made tremendous progress in building a policy environment to encourage investment. As a result, the country's economy is growing more rapidly and FDI inflows have accelerated impressively. However, investment remains insufficient to meet India's needs, particularly in infrastructure. Current efforts to strengthen and liberalise the regulatory framework for investment need to be intensified and India's well‐developed economic legislation implemented at an accelerated pace both at national level and right across India's states and union territories.
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Document Type: Review Article
Publication date: December 1, 2009