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Business
Arvind Panagariya: India Still Hard for Foreign Business, Says Economist
✍️ Moneycontrol.com
🗓 10 Aug 2026, 02:37 PM
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Former IMF chief economist Arvind Panagariya has warned that India remains a challenging environment for foreign businesses, citing regulatory hurdles and bureaucratic delays.
Former chief economist of the International Monetary Fund, Arvind Panagariya, recently cautioned that India continues to pose significant obstacles for foreign investors.
He pointed to persistent red‑tape, slow licensing processes and a complex regulatory framework that can delay project approvals.
Panagariya compared India’s business climate unfavorably with other emerging economies that have streamlined procedures and clearer investment guidelines.
The economist warned that unless reforms address these bottlenecks, foreign firms may seek more business‑friendly jurisdictions, potentially impacting India’s growth prospects.
He pointed to persistent red‑tape, slow licensing processes and a complex regulatory framework that can delay project approvals.
Panagariya compared India’s business climate unfavorably with other emerging economies that have streamlined procedures and clearer investment guidelines.
The economist warned that unless reforms address these bottlenecks, foreign firms may seek more business‑friendly jurisdictions, potentially impacting India’s growth prospects.