“Make in India” the expressive
appeal by PM Modi to outside and inside investors will not yield immediate
effect on the outflow and inflow of industrial investments unless the concerns raised related to land, laws and labour are
addressed immediately. The previous congress led government was
constantly accused for policy paralysis and
the resulting dismal performance of the manufacturing sector. At least they had
an excuse because they were in a democratic mess due to the non cooperation of the main
opposition and coalition partners in every single step towards reforms. But
Modi’s government with astounding majority to rule this nation has no such impediments. Hence what the nation
expects from this government is less of rhetoric and more of action towards accelerating industrial progress by reviving investor’s
confidence . Is it not true that ,the foreign investors are thoroughly disappointed with the absence of clear policy
statement for future regarding retrospective tax concerns?
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