The last 3 weeks witnessed Prime Minister Modi's statesman address at United Nations, enchantment of the Indian Diaspora, and his articulation of the potential of India; I was thrilled to be at some interactions.
Not withstanding his positive energy, a lingering issue in the minds of investors (in USA, Europe and elsewhere) is when will reformist actions beyond "just agenda" be decisively visible and when could Indian enterprise restart large scale investment into productive assets? These signs clearly mean more to long term investors than stock market euphoria, as commitment by Indian businesses is the surest vote of confidence.
About 90 per cent of investment is accounted for by Indians and therefore faith in reforms are necessary for us too. We look to greater engagement by the Government with Indian enterprise even as one realises that, of necessity, reforms cannot be weighted purely pro-enterprise but must be balanced amongst stakeholders.
Not withstanding his positive energy, a lingering issue in the minds of investors (in USA, Europe and elsewhere) is when will reformist actions beyond "just agenda" be decisively visible and when could Indian enterprise restart large scale investment into productive assets? These signs clearly mean more to long term investors than stock market euphoria, as commitment by Indian businesses is the surest vote of confidence.
About 90 per cent of investment is accounted for by Indians and therefore faith in reforms are necessary for us too. We look to greater engagement by the Government with Indian enterprise even as one realises that, of necessity, reforms cannot be weighted purely pro-enterprise but must be balanced amongst stakeholders.
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