Speaking on a visit to New Delhi, Kerry said red tape and a lack of transparency continued to deter entrepreneurs and foreign investors even though India is now the world's fastest-growing major economy. “Even though we are witnessing impressive gains in India's economic growth, there is still a real question as to whether we are doing so quickly enough,” said Kerry. For India to create jobs for the 13 million people who enter the labour market every year, Kerry said in a speech at an engineering college that the business climate must be improved. But the country is still ranked 130th in a global league table compiled by the World Bank for ease of doing business. India's economy expanded by 7.9 percent in the fourth quarter of 2015-16, the fastest of any large economy, with GDP growth figures for the April-June quarter due to be released later Wednesday.

Source: Sunday Times August 31, 2016 06:22 UTC