Once elected, Narendra Modi promised a pro-business agenda and aimed to deliver on deregulation, investment facilitation, and spending reduction. Modi has travelled widely, promoting India as an investment destination, and appealing to foreign investors. FDI ceilings in several sectors have been lowered. However the government failed to have some expected key bills on the Goods and Services Tax (GST); on land acquisition; on the labour laws approved or even discussed.
Real GDP growth and growth forecasts in BRICS, 2012-2017
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