INDUSTRY INSIGHTS
Enlivening Ties
India is steadily proving to be a fertile ground for trade with the European Union. Anurima Das
explains how this might impact both the parties.
Prime Minister Narendra Modi, in his address
to the press during August this year, mentioned
that his vision for the next five years is to have
investment-led growth. “We are targeting 100
lakh crore worth of investment in the coming five
years. To achieve this vision, the government
is working on policies to promote inflows from
domestic as well as foreign sources. This
would entail further liberalising our FDI policy,
simplification of labour laws, further enhancing
ease of doing business, power sector reforms,
asset monetisation and asset recycling in public
sector, and reforms in banking, insurance and
pension sectors. While investment has to be
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December 2019