Need to see consistency in regulatory mechanisms: USIBC President

In India to meet with the government and other stakeholders in India-US relations, USIBC President Nisha Biswal tells Subhayan Chakraborty that issues like retrospective taxation are still worrying US companies working or investing in India. Speaking on the current threat of a trade war between the two nations, she adds that the protectionist measures like tariffs may cause a lot of collateral damage to both sides. Edited Excerpts.

What are the issues holding back India-US trade and investments?

We need to see that there is a consistency and a predictability into the regulatory mechanisms that govern the economy. Shifts on