India readies pitch to woo global investors at Davos

India readies pitch to woo global investors at Davos

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Economy

Industry secretary says dip in foreign direct investment only ‘temporary’

Rajesh Kumar Singh, India’s secretary for promotion of industry and internal trade, says a decline in foreign investment inflows is “mainly because of a combination of geopolitical factors.” (India’s Department for Promotion of Industry and Internal Trade)

KIRAN SHARMA, Nikkei staff writer | India

NEW DELHI — India is eager to tell global investors its “growth story” when luminaries gather at the World Economic Forum in Davos next week, the South Asian country’s secretary for promotion of industry and internal trade said in an interview.

Rajesh Kumar Singh highlighted infrastructure development along with macroeconomic and financial stability as key points of India’s pitch.

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