Cybersecurity
Kerry Urges India to Eliminate Red Tape to Spur Economic Growth
- South Asia’s status as least-connected market ‘unacceptable’
- India needs 13 million new jobs annually to sustain growth
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U.S. Secretary of State John Kerry has urged India to cut bureaucracy to help attract more foreign investment as it seeks to sustain economic growth and create jobs.
Entrepreneurs need the freedom to pursue new ideas “without a lot of red tape,” Kerry said in a speech at the Indian Institute of Technology Delhi. Regulations should be streamlined and sensible, he said.