When Prime Minister Narendra Modi was re-elected in May with a sweeping majority...
MUMBAI - When Prime Minister Narendra Modi was re-elected in May with a sweeping majority, Indian stock markets jumped to all-time highs as investors anticipated big bang pro-business reforms to revive a flagging economy.
“The speed of decision-making is very good for example in Kashmir, but the speed of decision-making on business matters is not good,” said Adi Godrej, chairman of the Godrej Group, which sells everything from electronics to chemicals. Foreign portfolio investors seeking a tax cut and automakers demanding easier access to finance for dealers and buyers have flocked to New Delhi to lobby Finance Minister Nirmala Sitharaman.
Some banking and finance executives who met Sitharaman recently have criticized her, saying her attitude during meetings was not constructive.
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