A leading Indian industrialist traces the Gujarat development story and lays out the many opportunities in specific sectors for foreign investors.

As businesses prepare to deal with these bouts of uncertainty, they would obviously be looking for destinations that offer good prospects for growth and where policies are being calibrated to unlock potential of the domestic economy as well as reap benefits of aligning with regional value chains. India is one such country, perhaps one of the very few in the world, that fits into this category.

As we enter the year 2017 and review the global economic outlook, we see a horizon that is quite challenging. Global economic growth is still weak. Strategic and economic relations among major countries are undergoing a change. Global trade architecture is in for a makeover, with priorities being redefined by countries.

The GST is still several crucial steps away from reality but the Modi government is moving methodically for its rollout from April 1 next year.

On September 1, 2016 Odisha became the 16th state to ratify the Constitutional Amendment Bill that will pave the way for the passage of the Goods and Service Tax (GST) Bill, thus, fulfilling the constitutional requirement of at least half of India’s 29 states approving the bill. The President has, since, signed the 122nd Constitutional Amendment Bill into law soon.