Definition of "red-tapism" []

• Strict adherence to official formalities (noun)

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• "The world's second-fastest-growing major economy has struggled to attract long-term capital, key to infrastructure project financing, as bureaucratic red-tapism, a shallow bond market and faulty project designs have thwarted overseas investors from committing money that won't promise returns in a decade."
• "India is increasingly betting on private investors to pour in long-term capital, which has so far only trickled into the south Asian country due to bureaucratic red-tapism, a shallow local bond market and due to faulty project designs."
• "That will be solved by removing the red-tapism that exists."