Indian Prime Minister Narendra Modi`s top civil servant hauled road builder KMC Constructions into his office last week, along with a state bank and officials, and set an October deadline to finish the Pink City Expressway linking Delhi and Jaipur.
India has slipped to the fourth position among 36 economies in terms of business optimism during the June quarter due to "slow progress on easing regulatory shackles and decision-making", says a report.
Confident about India's growth prospects, eminent banker Deepak Parekh on Thursday said legislative process here is "unduly long and tedious, but no longer derailed" and there are ample long-term investors who believe India's best is yet to come.
Finance Minister Arun Jaitley on Friday said one year of decisive and corruption-free governance at the Centre has set the stage for a double-digit growth rate and promised to continue economic reforms with a view to make it easier to do business in India.
The country's economy will grow at 7.9 per cent this fiscal and 8.4 per cent in FY 2016-17, on the back of policy reforms, spurt in domestic demand and lower inflation, according to Foreign brokerage Morgan Stanley.