Going to lead to a better outcome and process for more ambitious trade These issues and that “the modest trade deal that is being worked on is also Modi’s visit to the United States will put pressure on both sides to resolve decision to revoke GSP preference for India. Lack of progress on certain agricultural market access,” in addition to the and India on trade” in light of “certain policies such as priceĬontrols on medical devices, hiking up of tariffs on ICT products, as well as “for the last 12 to 18 months we have seen a fair degree of friction between
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“a good winter harvest and that should help the farm economy.” Of India’s economy– will see a bump given that strong monsoons will provide for InĪddition, she believes that faltering domestic consumption –the predominant engine Reduction, look at tax incentives and tax deferment to really bring in muchīigger levels of investment,” particularly to attract supply chains. Growth and take “a more comprehensive approach and focus on things like tariff Going to take India and what his plan is to help resuscitate the economy.”Ĭhallenge is for Prime Minister Modi and his economic team must stimulate job Of investors therefore continuing to hesitate and see where the Modi 2.0 is Going to grow the economy and create incentives for investment: “You see a lot Modi has not come out of the gate with enough of a focused vision on how he’s Part to a pre-election focus on overtly domestic policies and the fact that She attributes the economic slump and liquidity crunch in Should “open the door for much more robust investment going into India – but it Joins Altamar to explain the sluggish Indian economy and how Modi’s governmentĬan tackle structural economic issues to achieve growth. Chamber of Commerce,Īnd former Assistant Secretary of State for South and Central Asian Affairs, India’s GDP growth has hit a seven-year low and unemployment has reached historically high levels. After years of sharp economic upturn and high growth, India has been underperforming since late 2018.
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Prime Minister Narendra Modi and the BJP Hindu nationalist party won a landslide reelection in May 2019 – but political and economic unrest are shortening the honeymoon. Tensions with Pakistan inhibit India’s much needed rebound? Will lagging investment, slow trade negotiations with the United States, and Narendra Modi was re-elected with the promise of economic growth – but