India is a favourite among global investors right now.
It is the world’s fastest-growing large economy at a time when many of its competitors have slowed down, set to expand at 7.6% annually over the next two years.
Much of the credit for the revival has gone to
the Narendra Modi government which stormed to power in 2014. Since
taking charge, the new administration has rolled out a clutch of new
initiatives, including a scheme to make India a manufacturing hub and an
ambitious programme to skill its large, young population.
Yet, challenges persist. Consider, for instance, the country’s negligence of its agriculture sector. Or, growing competition
from countries such as Vietnam and Bangladesh that have emerged as
low-cost manufacturing hubs, taking away a significant number of jobs
from India.
In an interview with Quartz, Gaurav Dalmia, chairman of Dalmia Holdings, an investment company that reportedly handles some Rs5,000 crore
in private equity, real estate, and public markets, among others,
expressed his views on the current government and India’s future.
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