Retrospective tax amendments, delay in retail FDI made investors think twice about India: Supachai Panitchpakdi

Interview with Secretary-general, Unctad

The United Nations Conference on Trade and Development (Unctad) today said the Indian government's move to amend the Income Tax Act, 1961, with retrospective effect announced last year had shaken investors' confidence on entering India. Supachai Panitchpakdi, its secretary-general, in an interaction with Nayanima Basu on the sidelines of an event organised by the Aspen Institute, also said the government's delay in allowing foreign direct investment (FDI) in the retail sector led to policy unpredictability. Edited excerpts: In its latest report on global investment trends, ...