Big bang in FDI, Modi government to open up 14 more sectors - The Economic Times
NEW DELHI: Seeking to allay concerns that reforms may slowdown after Bihar setback, the Narendra Modi government is set to announced big bang FDI reforms.
As many as 14 sectors could be opened up more in one of the biggest review of the foreign investment regime. The government has been working towards simplifying the FDI policy.
India got FDI of $19.39 billion in the April-June period, according to government data, up 29.5% over the year earlier. The Modi government has been pushing hard to drum up overseas investment, easing FDI regulations in various sectors including the railways, medical devices, insurance, pension, construction and defence.
NEW DELHI: Seeking to allay concerns that reforms may slowdown after Bihar setback, the Narendra Modi government is set to announced big bang FDI reforms.
As many as 14 sectors could be opened up more in one of the biggest review of the foreign investment regime. The government has been working towards simplifying the FDI policy.
India got FDI of $19.39 billion in the April-June period, according to government data, up 29.5% over the year earlier. The Modi government has been pushing hard to drum up overseas investment, easing FDI regulations in various sectors including the railways, medical devices, insurance, pension, construction and defence.
