New York, Sept 29 (IBNS): US India Political Action Committee (USINPAC), a leading voice of the Indian American community launched its flagship ‘USINPAC Business Barometer’ conducted by APCO Insight for AUSIB.
The Alliance for US India Business (AUSIB) is leading non-profit trade association that offers a pathway to help your business succeed in the US and India.
The survey that was conducted with 301 business executive measures perceptions and attitudes of U.S. and Indian business executives about working in India and the U.S reveals that half of US executives see robust & substantial business opportunities in India, In terms of investments India has the best opportunities
“Sixty percent of the business executives in India and the U.S. believe they get good ROI when working in the other country,” the survey said.
“Seven in ten business leaders interviewed believe that U.S.-India business relations are headed in the right direction and more than eight in ten expect this relationship to improve over the next few years,” it said.
The negative highlights of the survey is that 52% of US executives believe, infrastructure related to power shortages & transportation are the biggest hurdles they see in terms of doing business.
“Unethical business practices & corruption in government departments are two of the other top issues,” the survey said.
“Indian Executives face difficulty in obtaining work visas, double taxation& economic uncertainty while doing business in US,” it said.
Speaking at the event, Sanjay Puri, Chairman, USINPAC, said, “We instituted this first of its kind survey to gauge the sentiments of the business fraternity in both countries. The U.S.-India business communities are keen to work with each other and the USINPAC Business Barometer is a testimony to this fact. The Indian origin communities in the United States and other countries around the world are enthused with the election of Modi government in India, and are confident that under the new government in India led by PM Modi, the key concern of the business fraternity, i.e. infrastructural issues will be addressed. We estimate that a total investment of about $1.5 trillion is required over the next five years to finance India’s infrastructure needs. U.S. will be a key contributor to this.”
Source: India Blooms