India : Investment Climate and Manufacturing Industry
Differences in the investment climate have recently gained centre stage in explaining variations in competitiveness, growth and prosperity across countries or regions. The investment climate comprises institutional and policy variables that have...
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| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5541921/india-investment-climate-manufacturing-industry http://hdl.handle.net/10986/14378 |
| Summary: | Differences in the investment climate
have recently gained centre stage in explaining variations
in competitiveness, growth and prosperity across countries
or regions. The investment climate comprises institutional
and policy variables that have a crucial bearing on business
performance, but over which firms have no control
individually. Key determinants of the investment climate
include the functioning of product and factor markets;
sources of non-pecuniary intra- and inter-industry
externalities (i.e., spillovers) the quality of public
goods (such as law and order, government regulation) and
their effects on the cost of borrowing, on price stability,
or on exchange rates via fiscal and monetary policies; and
some physical and social infrastructure. The report
asseses India's investment climate from the perspective
of industrial growth and focuses on investment climate
variations within India, analyzing the implications these
variations have on industrial performance, as well as,
subnational disparities in productivity and growth. |
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