OECD lauds policy environment
04 Dec 2009
India has made tremendous progress in building a policy environment to encourage investment.
The OECD's latest investment policy review of India for 2009, that as a result of builoding an favourable environement for investment, "the country's economy is growing more rapidly and FDI inflows have accelerated impressively."
The review, however, noted that investments were insufficient to meet India's needs, particularly in the infrastructure sector.
Therefore, it said, the current efforts to strengthen and liberalise the regulatory framework for investment needed to be intensified. "India's well-developed economic legislation should be implemented at an accelerated pace both at national level and right across India's States and Union Territories."
The OECD Investment Policy Review of India charts India's progress in developing an effective policy framework to promote investment for development, especially since the acceleration of economic reform from 1991 onward. It focuses on policies towards investment, trade, competition and other elements of the business environment.
Finally, it outlines some of the challenges of implementing national-level reforms at state level.
(Executive Summary of OECD Investment Policy Reviews: India 2009)
.jpg "India, Nigeria agree on local currency settlement system")
