India’s policies subject to whims & fancies? Raghuram Rajan, Surjit Bhalla weigh on why foreign investment is down

India's status as the fastest-growing major economy is undermined by inconsistent policies, hindering foreign investment flow, according to economists Raghuram Rajan and Surjit Bhalla. Despite recent attraction to global investors, policy uncertainty, high taxes, and erratic tariff changes deter sustained investment. Rajan emphasizes the need for predictability and ease of doing business.
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