Government Support for India’s Real Economy

DOI

10.2991/icefb-19.2019.20How to use a DOI?

Keywords

Make in India; FDI; economic development; production stimulation; government regulation

Abstract

The article analyzes the policy of the Indian Government aimed at boosting national production and export by stimulating the FDI inflow attractiveness. To this end, the authorities removed restrictions on national and foreign investments to many sectors of the national economy and improved business climate in country. These measures have resulted in significant FDI inflows in services, computer software and hardware development, telecommunications, automotive, power and chemical industries, construction development, trading, port and railways infrastructure, oil refining and storage. The achievements were negatively affected by the shortage of skilled professionals and brain drain, lack of electricity, underdeveloped infrastructure, complicated legislation, government's unwillingness to resort to drastic measures, increased risk of labor conflicts, and other factors.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Nikolay S. Revenko
AU  - Lilia S. Revenko
PY  - 2019/12
DA  - 2019/12
TI  - Government Support for India’s Real Economy
BT  - Proceedings of the External Challenges and Risks for Russia in the Context of the World Community’s Transition to Polycentrism: Economics, Finance and Business (ICEFB 2019)
PB  - Atlantis Press
SP  - 80
EP  - 83
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefb-19.2019.20
DO  - 10.2991/icefb-19.2019.20
ID  - Revenko2019/12
ER  -