Modi gets his groove back: Govt set to announce FDI in 16 sectors
November 10, 2015 16:26
The Modi government gets its groove back. The NDA government which swept the Lok Sabha elections in 2014 on the 'development' platform but was waylaid by the divisive politics of the fringe, will shortly announce foreign direct investment in at least 15 sectors including construction.
The government hopes to ally concerns that reforms will continue, a worry that has plagued voters.
As many as 15 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.
The Economic Times reported that India had got FDI of $19.39 billion in the April-June period, according to 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.
Details awaited.
The government hopes to ally concerns that reforms will continue, a worry that has plagued voters.
As many as 15 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.
The Economic Times reported that India had got FDI of $19.39 billion in the April-June period, according to 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.
Details awaited.
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