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1091 Tribune News Service New Delhi, July 22 Despite major gains in the World Bank’s ease of doing business rankings, India remains a difficult place to do business and additional economic reforms are necessary to ensure sustainable and inclusive growth, says the US State Department’s latest report on investment climate in the country. It noted that India’s economic growth has been strong in recent years, driven by private consumption and buoyed by reduced external vulnerabilities and key structural reforms. Similarly, rising government investment has played an important role in keeping the economy growing. However, India’s private sector investment has not increased, despite having the fastest growing major economy tag in the world. While foreign direct investment (FDI) into India increased significantly during the first two years of Prime Minister Narendra Modi’s term, the rate of growth has slowed over the past year.

New delhiNarendra modiInfrastructure leasing financial servicesUs state departmentWorld bankTribune news serviceTribune newsPrime minister narendra modiInfrastructure leasingFinancial servicesபுதியது டெல்ஹிநரேந்திர மோடிஉள்கட்டமைப்பு குத்தகை நிதி சேவைகள்எங்களுக்கு நிலை துறைஉலகம் வங்கிட்ரிப்யூன் செய்தி சேவை