M. M. Goel

Over the past twenty years, the business environment in India throughout its 28 states and 7 union territories (UTs) has improved dramatically, in what is termed the post-reform era (since July 1991). The legal framework is being liberalized considerably towards creating a conducive climate for growth in almost all sectors, with the energy sector getting top priority. However, although infrastructure has been strengthened with concrete action plans, there is still plenty of scope for improvement which requires large foreign direct investments.