Expressing concern over what it calls barriers for American telecom companies in India, the United States has sought from New Delhi transparency in the procedure for modifying foreign direct investment norms for Internet Service Providers.
The pace of privatisation of the Indian healthcare segment is expected to be the fastest in the coming years.
The sunny Caribbean island is just one of a number of jurisdictions, most of them islands, that provide the necessary infrastructure for businesses that don't exactly thrive on close oversight.
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Being a member of the World Trade Organisation and General Agreement on Trade in Services, India will have to lift restrictions on foreign capital in insurance.
The controversial legislations in several American states, including New Jersey, banning outsourcing of state contracting of services would be legally valid under the WTO's General Agreement on Trade in Services, according to US legal experts.
India has stated that the move would impact Indian IT professionals.
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