Modi Needs Tough Reforms in Third Term to Lure Foreign Firms bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Lok Sabha Elections: As Modi gears up for a potential third term, global firms highlight challenges facing India s economy: policy inconsistencies, bureaucratic delays, and scarcity of land. Despite improved business sentiment, actual investment remains stagnant, with foreign direct investment dropping. Key priorities for the new government include policy coordination among states, labor law implementation, skills development, land reform, trade measures, and fulfilling BJP s promises for economic growth and global manufacturing hub status.
Daikin Industries Ltd: But as Modi prepares for a likely third term in office when India’s mammoth elections end on June 1, global firms say there’s still plenty of work for the new government to do. Challenges are substantial, with often-cited policy-flip flops, bureaucratic delays and a lack of land availability.