Publisher: World Bank Publications | 2008-11-26 | ISBN: 0821377574 | PDF | 135 pages | 5.28 MB
India has emerged in the past few years as one of the world s fastest growing economies. While a high level of investment and domestic private consumption continue to drive growth, it is necessary to address the bottlenecks that prevent sustainable economic growth in the future. India s Investment Climate: Voices of Indian Business identifies key investment climate bottlenecks that slow down growth and poverty reduction. Investment climate refers to factors that influence day-to-day decisions by firms on how to invest. It includes macroeconomic policies, governance, institutions, and infrastructure. In particular this book aims to answer the following three questions insofar as they relate to the investment climate: 1. How can productivity be improved? 2. How can employment generation be increased? 3. How can inequality among states be reduced? India s Investment Climate highlights the significance of the challenges facing India and demonstrates how investment climate improvements in key sectors will assist the Indian economy in overcoming these three challenges. It provides national and local policy makers a number of recommendations based upon well-researched analysis backed by sound economic theory.