India must address challenges to unlock its FDI potential: Sanjay Nayar

Says reducing GST on essential goods can stimulate consumption

With concerns about slowing economic growth and declining foreign direct investment (FDI) inflows, SANJAY NAYAR, former head of India for KKR & Co and Citigroup, and now the founder of venture capital fund Sorin Investments and president of Assocham, shares his strategy for putting India back on the path to long-term growth with Surajeet Das Gupta. Edited excerpts:

 

Given concerns about a slowdown in India’s economic growth, what steps should the country take to ensure long-term progress? 

The government has made headway in boosting consumer sentiment and improving access to essential goods and services. These efforts have laid the foundation