Corruption, Red Tape Top Trade Challenges For India

Law360, New York (September 24, 2009, 3:59 PM EDT) -- India has continued to attract interest from foreign investors despite the worldwide economic downturn, but although the country is moving forward with market-oriented economic reforms that began in the early 1990s, significant trade concerns can still pose barriers to U.S. companies, according to lawyers.

The U.S. remains India's largest trading partner, as well as its largest investment partner, with a 13 percent share, according to the U.S. Department of State.

However, the country’s economic growth is constrained by a number of factors — including inadequate infrastructure,...
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