Is India really a Investment friendly country ?

In 1991-92 India opened it markets for Foreign Investors, though it was by pressure, but they opened it. After 1991-92 Indian economy grows stupendously, suprising normal hindu growth rate of 4-5% to growth rate of 9-10% in last financial quarter. But the question is even though Indian economy is posing such a sound growth rate, but really Indian shores are that investment friendly as they pose to be. There are multiple reason both in past and present which really clarifies this fact. First example was Posco, a south korean, steel giant proposal of 10billion$ investment in state of Orissa. The proposal is still hanging without any decision by the govt.

Second example is Tata's Nano factory in Singur, the recurrent opposition by the Mamta banerjee party, is making Tata to move out of Singur, which also cause a delay in their pet Nano project.

By looking at these two instances, the Indian shores are not as friendly as it seems. So if Indian economy really want to continue with its current growth rate, then its govt. hast to take really investment friendly decision, though these decisions may to be in favor for some people, but in the end it will be good for overall community, and also improves India's image as global investment destination.

Thanks&Regards,

Mohit