The Indian economy is poised for positive outlook with the reforms proposed by the new government. The reforms once implemented would trigger growth in all core sectors primarily the infrastructure sector which will emerge as a key driver of growth in the second half of next year. With the new government focusing upon implementing a business friendly strategy aimed at reforming the regulatory framework, removing obstacles for existing projects and reviving the investment cycle, India could well lead growth amongst the developing economies in the infrastructure sector. The government´s decision to ease FDI rules for players in the infrastructure sector will speed up project turnaround time.
- Sandeep Selot, Director-Marketing & Strategy-Energy Business(India Region),
Schneider Electric India