Three Gateway House fellows offer policy advice to the new Indian government.
Rajrishi Singhal, Senior Geoeconomics Fellow, makes the case for a liberalised FDI policy.
Sameer Patil, Associate National Security Fellow, explains why naval reforms and cyber security policies should be high on the agenda.
Rajni Bakshi, Senior Gandhi Peace Fellow, outlines the need to create a sustainable and green economy.
Key Points
Rajrishi Singhal:
It is imperative for any new government to reinvigorate India’s stagnant industrial and investment climate through a liberal FDI regime. An improved investment climate will guarantee a higher economic growth. FDI provides a stable and long term capital that doesn’t flee at volatility and will absorb the millions of unemployed youth today.
Sameer Patil:
The new government should streamline defence acquisition and expedite long standing proposals, address the shortfall of officers in armed forces, promote indigenous defence production, and create a national maritime authority. India also needs to enact long standing privacy legislation, and create a regulatory framework to plug the gaps in the SCADA system.
Rajni Bakshi:
One of the key challenges is to balance economic growth and sustainability. The new government can take the lead in fostering a green economy that creates jobs by incentivising business models that create win-win scenarios that will reduce the conflict between local inhabitants and business’ industrial projects.