Improving climate for foreign investments
India has adequate capacity and need to further absorb foreign capital
The silver lining for those who have been waiting for some quick progress on the economic reforms front arrived on Tuesday. The department of industrial policy and promotion (DIPP) announced a review of foreign direct investment (FDI) policy in as many as 15 sectors. These reforms were long overdue and their final realization should considerably bolster India’s attractiveness to foreign capital and technology.
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