Deepak Parekh Discusses Modi's Governance and Investment Challenges

Veteran industry leader Deepak Parekh praised Prime Minister Narendra Modi's governance despite fewer seats in his third term. He highlighted local issues in Manipur and West Bengal, citing religious tensions and local instability. Parekh emphasized the importance of U.S. investments in India, questioning the low interest from corporate America.

Veteran industry leader Deepak Parekh commended Prime Minister Narendra Modi's governance, despite the reduced number of seats in his third term, during a Wednesday event at the Milken Institute.

Parekh remarked that while Modi's governance remains strong, local instability in states like Manipur and religious tensions in West Bengal persist. He mentioned that the Manipur police have sought the Centre's assistance in resolving their issues.

At the launch of the India operations of the Milken Institute, Parekh questioned why American corporations have not invested significantly in India, given the higher growth achieved compared to the global average. He stressed the need for better ease of doing business initiatives to attract U.S. investments.

(With inputs from agencies.)