As India's new government reviews upstream policies, it should not lose sight that the attractiveness of India's fiscal offering is not the main reason for stagnating foreign investment within the sector in recent years. Rather, it's the slow-decision making process and bureaucracy which has played a larger part in inhibiting investment. Speeding up the approval process, empowering the upstream regulator and improving inter-ministerial alignment would increase India's investment reputation.
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Insight | Aug 2014
India's upstream industry - at a policy crossroads
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