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India’s economy: The Gujarat model
Keywords:
Tags: India,
India's Gujarat state and foreign investment
01/14/2011
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India’s economy: The Gujarat model
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Indian prime minister Modi's speech at the Council of Foreign Relations, September 29, 2014, urging foreign investors to come to India
09/30/2014
In marketing India as a destination for foreign investment India's prime minster Modi emphasized that India was the only country with all three favorable factors - democracy, demographic dividend and demand. India has a population with 55% of the people under age 35. A population of over 1.2 billion mostly younger consumers creating a big pool of demand for many companies. Democracy with coalition governments has been an obstacle for three decades to creating the right framework for legislation on opening the country to foreign investment. Modi's BJP party has an absolute majority in parliament making it possible to take speedy action, with an effort underway to improve its tally of state legislatures it controls. Modi also has a track record of three terms as chief minister in rapidly industrializing Gujarat state. This gives credibility to Modi's plans. He stated that energy was a high priority with a goal of bringing electricity to every village in India in 5 years. A trillion dollars of investment are required in rail which he plans to open up for 100% FDI investment. Manufacturing is a big focus of Modi's plans with the launch of the "Make India" campaign. My country needs millions of jobs Modi told the audience, urging foreign companies to take up his offer. He said the laws and red tape built up from previous Socialist governments would be removed for swift approval of proposals.
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The Indian state of Gujarat and chief minister Narendra Modi
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Narendra Modi's achievements in India's Gujarat state
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Washington Post 05/16/2014
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Hindu nationalist Narendra Modi sworn in as India’s prime minister - The Washington Post
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India’s economy: The Gujarat model
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