Constant decisions are being taken by the Modi government to remove the country from the atmosphere of economic slowdown. Recently, many important announcements were made for housing, auto and banking sectors. Similarly, recently, a task force has been formed to lure investors.

Meanwhile, Bangladesh's Nobel laureate economist Muhammad Yunus has made a big statement on India's economic situation. He said that India has a volatile environment and people are reluctant to invest in such a situation. In an interview to Business Today, Muhammad Yunus said, "I don't know what is going on in India, but theoretically people are hesitant to invest when there is an environment of uncertainty in a country." According to Muhammad Yunus, investors are waiting for major policy changes. He is not taking any decision where he has a problem. This is the reason that conditions like economic recession are being created in India.

What kind of uncertainty is there?

In 2014 and 2019 general elections in India, the government has got an overwhelming majority, then what uncertainty is Muhammad Yunus pointing to? In response to this question, he said, "There should not be a direct correlation between political certainty and investor uncertainty." According to Muhammad Yunus, investors are viewing this uncertainty differently. He said, "You are seeing stability politically. But maybe the investors are seeing some problem. I don't know but the traders have a way to decide. At the moment, they are hesitant."

Muhammad Yunus said that investors are probably waiting for a better opportunity. However, to increase confidence in investors, the only way to convince them can be. Along with this, Muhammad Yunus emphasized on self-employment to speed up development. He said that development can be accelerated through self-employment.

In another interview Yunus said that the industry should now be ready for the next generation. That is, how to create employment and how to stop migration in cities. He said that instead of being limited to only small loans, the industry needs to create an environment for social businesses like health care, solar energy, education programs.