Congress raising the rate of investment to re-invigorate economy

The Congress Party is creating a congenial atmosphere for the growth of private investment, both domestic and foreign. At the same time, it is making every effort to increase public investment in social and economic infrastructure, including education and health. Investment requirements of agriculture and rural development are being given the highest priority. For increasing the rate of private investment the party is utilizing the lessons learned in the post reforms period of the 8th Plan. It is taking measures to elimination of all bureaucratic and administrative hurdles to investment, by removing the requirements for any investor to seek any form of permission for making investment. There will of course be some need for limited regulation and control involving (a) A short list of defense sensitive industries, (b) Specific rules to prevent abuse of environment including the use of water and exhaustible natural resources and (c) Regulatory actions if investment increases concentration and monopoly power

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