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Comments by "M" (@mg.f.9023) on "How resilient India is now facing several external risks from US, UK, China u0026 Red Sea" video.
‘ Hurdles to becoming new factory of the world India's dream of becoming the new factory of the world will have to overcome longstanding hurdles. A formidable bureaucracy, lagging infrastructure and labyrinthine red tape have forced many foreign businesses to either shun India or shutter their local operations. A lack of skilled labor and innovation, poor production quality, and a reluctance to adopt rapidly evolving technology are also seen as hindrances.’ -CNBC 12 March, 2023
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The Henley Private Wealth Migration Report 2023 estimates that India will see a net loss of about 6,500 HNIs in 2023, which is less than the net loss of 7,500 in 2022. In both years, India has been placed at the second and third position, respectively, in terms of absolute number of HNIs leaving the country.
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