Modi needs more than tax breaks to make India factory for the world

Lack of skilled workers, bureaucracy & inadequate road & port infrastructure key hurdles for investment. Modi’s overhaul of archaic bankruptcy laws improved India’s position in the World Bank’s latest rankings for doing business. The $2.6 trillion economy jumped 14 places to 63rd spot, but still lags behind competitors in staring a business, registering property, and enforcing contracts. 

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