India-US Trade: America told India a challenging place to trade, know what is the reason?

New Delhi: The US has said that India remains a challenging place to do business. There is a need to promote an attractive and credible investment environment for investment by reducing bureaucratic hurdles. According to the news of PTI, the US State Department has said in a report ‘2021 Investment Climate Statements India’ (2021 Investment Climate Statements: India) that India remains a challenging place to do business. The special thing is that it also mentions the removal of the special constitutional status from Jammu and Kashmir and the passage of the Citizenship Amendment Act (CAA).

The report said that new protectionist measures, including procurement rules limiting competitive options, increased tariffs, have affected the world supply chain. Along with this, the Specific Indian Standards, which do not match with the International Standards, have hampered the growth in bilateral trade.

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The US State Department said in its report that in the first 100 days of the second term of the National Democratic Alliance (NDA) government, two controversial decisions were taken – removing the special constitutional status from Jammu and Kashmir and passing the CAA. In this regard, India says that CAA is its internal matter and no foreign party has any right to comment on issues related to India’s sovereignty. India has clearly told the international community that abrogation of Article 370 is its internal matter.

The Ministry of External Affairs further said that there was a decline in economic activity due to the prevention measures of the Kovid-19 epidemic, but by December 2020, signs of positive growth in economic activity started showing. The report also said that the BJP-led government has recently faced some criticism for the increase in the number of Kovid-19 cases.

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