New Delhi: Infrastructure is a major deterrent when it comes to the US investing in India, according to a survey of business leaders in both countries conducted by a forum of the Indian-American community.
Half of US executives see robust and substantial business opportunities in India, but unethical business practices and corruption in government departments are key detriments, the survey found.
The "USINPAC Business Barometer" survey was conducted by APCO Insight by AUSIB, the sister concern of US India Political Action Committee (USINPAC), with 150 business leaders each from both the US and India.
"The US-India business communities are keen to work with each other and the USINPAC Business Barometer is a testimony to this fact," said USINPAC chairman Sanjay Puri.
"USINPAC estimated that a total investment of about $1.5 trillion is required over the next five years to finance India's infrastructure needs and the US would be a key contributor to this," he said. -