Business consultant Adrian Mutton says it takes courage for a foreign corporation to make a big-ticket investment in India given the uncertainties thrown up by capricious twists in government policy, AFP reports.
Companies have long griped about India’s byzantine rules and suffocating bureaucracy but recent policy flip-flops have further soured the investor mood.
“You have got to be a pretty brave CEO to gamble on a major investment decision in India especially if you think that decision may be overturned,” says Mutton, who heads India-based Sannam S4, a consultancy which helps firms enter India.