In May, India made history in its national elections, sweeping into power the conservative Bharatiya Janata Party with an enormous majority and voting unequivocally for change and economic growth.
After years of indecision that had left the economy in disarray, the country voted in the hope that a new government would revive reforms and reverse the investment drop-off of the last decade. Expectations soared with the election of pro-business Narendra Modi as prime minister.
However, despite the upsurge of opportunities and hope, India remains a complex operating environment for foreign direct investment. This is because India’s investment slowdown over the last decade has been largely due to delays at the policymaking and operational stages of projects.
Read more about India’s investment slowdown here.
