Raghuram Rajan

/Tag: Raghuram Rajan

Open Sesame: The FDI magic India had hoped for

2020-03-12T08:13:44+00:00July 8th, 2016|2016, India Investment Journal June/July Edition, Policy India, Year|

The Narendra Modi government firmly underlined its reformist credentials and signalled unequivocally to foreign investors that it is serious about economic liberalisation by opening up or easing foreign direct investment (FDI) norms for nine sectors including defence, pharmaceuticals, food processing, single brand retail and aviation. “Today's FDI reforms will give a boost to employment, job creation & benefit the economy," Modi said on Twitter shortly after the announcement of the new FDI norms. The Indian Prime Minister, who invoked his [...]