From promise to action

Foreign capital needs a friendly ecosystem

Prime Minister Narendra Modi, while addressing a group of the world’s largest sovereign and pension funds, has committed to continuing to make India investor-friendly and urged them to set aside more money for investing in India. He said the government would do “whatever it takes to make India the engine of global growth resurgence” in the post-pandemic era. This is an important commitment, and the prime minister’s approach to these large investors — who together have assets under management of about $6 trillion — is to be welcomed. He added that he was “conscious” that such funds, rather than quick