Tackling the FDI headache

India’s problems attracting foreign direct investment, particularly in contrast to China, is often a sore point with Indian officials. A steering group, headed by NK Singh, a former revenue secretary, has been advising on how more might be attracted.

Singh’s group produced a report in September that the government is set to act on in the run-up to February’s budget. It says that if India is to raise the annual GDP growth rate to 8%, it must attract $8 billion in FDI each year, more than twice 2001’s $3.9