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India remains a ‘challenging place’ to do business: US

Washington:

The United States of America has said that India still “remains a challenging place” to do business. Along with this, the US has urged India to promote an attractive and credible investment environment by reducing barriers to investment and reducing bureaucratic barriers.

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The US State Department said in a report “2021 Investment Climate Statements: India” released on Wednesday that India “remains a challenging place to do business”. The report also mentioned the removal of the special constitutional status from the state of Jammu and Kashmir and the Citizenship Amendment Act (CAA).

“The new protectionist measures, including increased tariffs, procurement regulations that limit competitive options, and sanitary and phytosanitary standards not based on science, also Indian-specific standards not aligned with international standards,” the report said. have been done.” The report said that producers in India have been effectively cut off from the global supply chain and the expansion of trade in bilateral has been restricted.

The US State Department said in its report that the first 100 days of the second term of the National Democratic Alliance (NDA) government were marked by two “controversial” decisions. It said that the removal of special constitutional status from Jammu and Kashmir and the passage of CAA. India maintains that the CAA is its “internal matter” and “no foreign party has any right to interfere in issues relating to India’s sovereignty”, the report said.

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