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US Treasury Under Secretary Timothy Adams said that more economic structural reforms are necessary for billions of dollars to flood the India and create unprecedented opportunities for the nation.
Among the key areas of reforms, he pointed out that India needs to upgrade its dispute resolution mechanisms for corporate investments, especially those in the infrastructure or energy projects, so "if something were to go wrong, they can adjudicate their demands." He also highlighted that "number of days to enforce a contract" is unacceptable for investors. These are two key areas that China is way ahead of India.
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