The author considers whether the recent and on-going policy initiatives, and reforms will succeed immediately in renewing the confidence of foreign investors and MNC's and bring in substantial investment flow. To do so, the author evaluates the foreign investment policies announced, positive inducements and liabilities for foreign investment, industrial policy changes along with irritants to be removed from India’s investment climate. The author concludes that although India is one of the last among other developing and socialist countries to attract foreign investment, the conditions it offers will be conducive provided existing fears and prejudices held by investors can be quelled. (Editor’s abstract.)



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