Removing laws that protected the employees will only lead to exploitation. Is this the only way to entice investors? Factories with suicide prevention nets is the last thing India needs.
https://theprint.in/india/governance/up-suspends-labour-laws...
The more India liberalizes, the easier it is for businesses to operate without the constant threat of corrupt government or police.
By removing old foolish labor laws, the state can build newer laws from scratch. Also more economic activity means more jobs. So even if people tend to lose or be unhappy at current jobs, they can find something else.
It was more of a tool for bureaucracy to interfere in the private sector and of course bribery. For instance factories are required by law to provide spittoons, they need to be updated.
And the presence of these laws that force a large number of business from employing full time contracted employees. Perhaps upwards of 70% workers would benefit greatly with simplified and reasonable labour laws.
Even well meaning employers are hindered from providing proper contracts in the past.
Having a large population (without purchasing power) isn't enough to call a region one of the largest single market in the world.
China and India have growing middle class but 95% of their population still have no savings, these people only spend on food and household.
The largest single market in the world is the European Economic Area, the second largest is the United States (+ Canada and Mexico), all other markets are incomparable from these two developed markets because the difference is so large.
You have A source on this ?
What OP meant is that these are largest growing markets today and probably in the near future . people are generally interested where the growth is coming from more than where the existing spends are, especially if you are a more traditional business and not planning on disruption of a current market as a business model.
There are two other actions at play here
1. When you are buying a new car or a house in the developed world it is usually replacing an existing car or house, perhaps with a marginal increase in efficiency. In the case of India you are adding an asset which adds close to 100% value. This also applies to roads, bridges and factories.
2. The number of units sold has a significant value to the company, that is part of the success behind China. That adds economies of scale as well as a ground to innovate for the rest of the world, which is incidentally mostly price sensitive. An iPhone costs more than Rs. 100K, typical budget Android phones are around 5K that is 20x. The investments that foxconn is making is pretty small, includes equipment moved from China to diversify.
Let's be realistic about India's military power.
In 1999, India lost 500 men when they were ordered to charge up the Kargil mountains WWII style even though they had complete air superiority and were backed by a Bofors artillery barrage all while facing an enemy whose long supply lines consisted of men and donkeys hauling ammunition and food for miles up steep mountain sides.
The Chinese withdrew from the recent conflicts only because they knew that India wouldn't back down and the Chinese would get a heavy bashing.
It would of course not have happened without the support of the Indian allies on the east coast of China and the US.
In Kargil Pakistani troops had captured all the strategic high locations, and fortified bunkers. There are some answers here, https://qr.ae/pNKfPI
Are you referencing something specific?
The Chinese setup camps, brought in heavy artillery and diverted/dammed the river in the LAC. This is the region that they have been patrolling, so it is still the buffer zone.
Outside China, India is one of the largest single market
The long term growth rate is expected to be good
There is a countrywide GST (similar to VAT)
Uber, Amazon, Google are relatively free to be in the market, this is more liberal than in many EU countries
Add to that the younger population, surplus labour, tightening global immigration
More over India is a new unwritten partner with US, Japan, Taiwan, South Korea - there is plenty of give and take. India has concluded multi billion dollar defence deals with the US.
India has made a huge push in infrastructure investments, and building several industrial corridors
India has a strategic location in the ocean
India is the only big power in the region that can kick the CCP's ass if it has to, and the Chinese have been testing it out several times
Since the coronavirus, the state of UP (200 million population) has relaxed all labour laws that was preventing employment generation and investment, has aggregated government land for new industrial setup, twice the size of Luxembourg.