Write 4 ways of increasing Investment in India? ( In economics)
Answers
Hey mate☺
Government attracts foreign investment in the following ways:
•SPECIAL ECONOMIC ZONES :
special economic zones have been set up to have world class facilities such as cheap electricity, water, roads, transport, storage, recreational and educational facilities etc.
•FLEXIBLE LABOUR LAWS :
labour laws are made flexible so that companies can hire workers easily .
•REMOVAL OF TRADE BARRIERS :
government has removed barriers on foreign trade and foreign investment so that goods could be imported and exported easily and also foreign companies good set up factories and offices in India.
•POLICY OF LIBERALISATION AND GLOBALISATION :
after 1991 Indian government has adopted the policy of globalisation and liberalisation.
•ABOLITION OF LICENSE :
under the new economic policy only few Industries need licence to operate.
Hope it helps you ☺✌✌