Regulatory Development - Slow Privatisation Of Mining Sector - 13 MAR 2017
BMI View: The Modi government will push towards reforming India's mining s ector, although the privatisation of the state-dominated coal industry will be delayed. O perational risks remain due to regulatory hurdles, which will deter foreign investment from entering the country's mining sector.
The May 2014 election of Narendra Modi, parliamentary leader of the pro-business Bharatiya Janata Party (BJP), has precipitated structural reforms targeted at the country's mining sector. The BJP pledged to push ahead with economic reforms that will increase investor confidence in the country. Specifically, efforts to slim down bureaucracy and merge departments should help improve the coordination between ministries and provide a springboard for pending infrastructure projects.
Push For Privatisation
|India To Outperform Peers|
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|e/f= BMI estimate/forecast. Source: BMI|