In­fra­struc­ture a great op­por­tu­nity in In­dia, but bu­reau­cracy still a hur­dle

Mint Asia ST - - News - BPY REETI D AWRA

What is your view of In­dia’s po­lit­i­cal and eco­nomic in­vest­ment cli­mate to­day? For In­dia, this gov­ern­ment is as good as it gets and is bring­ing changes on the back of busi­ness-friendly poli­cies. It has a can-do at­ti­tude and an ab­so­lute fo­cus on eco­nomic growth. Noth­ing was hap­pen­ing for a long time—al­most a whole decade— and now things are mov­ing fast.

We see In­dia as one of the fastest grow­ing economies glob­ally and one that is con­tin­u­ing to ac­cel­er­ate. As an in­vest­ment des­ti­na­tion, we be­lieve that In­dia has a ro­bust eco­nomic out­look given the un­der­ly­ing strength in con­sump­tion and a pick-up in in­vest­ment that will con­tinue to sup­port a su­pe­rior up­ward growth tra­jec­tory. What key hur­dles should the In­dian gov­ern­ment ur­gently ad­dress to boost for­eign in­vest­ments? The gov­ern­ment has de­vel­oped a strong

In­vest­ment port­fo­lio: Arif Naqvi says the Abraaj Group has in­vested half-a-bil­lion dol­lars in In­dia.

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