Fdi Reforms News
India making serious efforts to bring standards up to global norms, says US advocacy group on FDI reforms
The US India Strategic and Partnership Forum (USISPF) hailed the Narendra Modi government's move
FDI inflows in January-September jumped 21 per cent to $32.18 billion
FDI liberalisation will come as a booster dose to basic push being given by government spending to revive the investment cycle
Launching the second set of sweeping reforms, Prime Minister Narendra Modi on Monday said it makes India the most open economy in the world for FDI and would give boost to employment as part of efforts to transform the country.
Trading of food products manufactured or produced in India, including through e-commerce, is allowed to get 100 percent FDI under the government approval route
On allowing FDI in defence sector, the BMS said it was not good for the country.
'Comatose' is a word that can be used to best describe the nine year rule of the Congress led United Progressive Alliance (UPA) government, when it comes to economic reforms.
All political parties will try to extract their pound of flesh from these reforms. This is also likely to make multinational companies cautious. After all how can they be sure that there will not be a change in policy after the elections, if some other party comes to power?<br /><br />
The government move to relax FDI norms in various sectors will bring fresh investments into the country and boost economic growth, industry bodies said today.