Lauding Modi’s government efforts, Deputy US Trade Representatives Robert W Holleyman underscored that series of reforms taken by the government in recent months were crucial steps around open, predictable and rules based reform. However, he insisted that more reforms were required to attract foreign investments in particular those from the US.
While, pointing to slew of economic reforms taken by the government, including that of increasing FDI in the insurance sector, the senior official highlighted that he observed a positive trend across all proposed rules and across concerned ministries and that trend was to increase transparency and predictability.
However, in his remarks on "One Year Later Indo-US Trade- Expectations, Apprehensions and Solutions" organized by the US India Business Council (USIBC), Holleyman argued that the government was required to take more steps to improvement business environment in the country and make rules open and predictable. He also called for continued improvement in regulatory and legal sector.