India remains a 'challenging place' to do business: US
- The United States of America has said that India still "remains a challenging place" to do business.
- Along with this, the US has urged India to promote an attractive and credible investment environment by reducing barriers to investment and reducing bureaucratic barriers.
- The US State Department said in a report "2021 Investment Climate Statements, "India released on Wednesday that it "remains a challenging place to do business."
- The report also mentioned the removal of the special constitutional status from the state of J&K and the Citizenship Amendment Act (CAA).
- "New protectionist measures, including increased tariffs, procurement regulations that limit competitive options, and sanitary and phytosanitary standards not based on science", the report said.
