I want a long article on this I a perfect manner
Solution:-
Such questions are made for enhancing the self creative skills and should be tried answering on your own. However, here are a few points that will help you in framing your answer:-
Such questions are made for enhancing the self creative skills and should be tried answering on your own. However, here are a few points that will help you in framing your answer:-
- India is a labour rich but capital deficit economy.
- Infrastructural development that is necessary to transform our economy requires significant investment.
- Encouraging Foreign Direct Investment ( FDI) is necessary to plug the gaps in our capital supply.
- Moreover, we have been following a policy of liberalisation, privatisation and globalisation ( LPG) since 1991.
- So, encouraging FDI is in tune with our LPG policy.
- Also, India is a fast growing economy.
- There are ample opportunities available in the Indian economy.
- Investors across the world are desperate to Invest in India.
- A fast growing economy and the government's willingness to accept FDI are a natural fit.