It was government policies, not ITA-I, according to a recent study.
Govt says Information Technology Agreement will be beneficial to India only when domestic manufacturing is robust
'China's investment destination image the world over has taken a beating, therefore investors feel India is a safe haven for investments.' 'FDI is at an all-time high in India.' 'Now after such poor ratings, this FDI amount will fall.' 'Therefore, I am saying these things are happening at China's behest.'
Modi is the first Indian premier to visit the Silicon Valley and meet its top CEOs
India has been opposing the pact as ITA will only benefit the country when its domestic manufacturing is robust.
Tax problems and unfavourable WTO agreements are making Tamil Nadu's electronics corridor less attractive to companies.