Centre has radically liberalized the FDI regime, with the objective of providing major impetus to employment and job creation in India.— PMO India (@PMOIndia) June 20, 2016
The government has permitted 100 per cent FDI in India-based airlines. It also included paving the way for companies such as Apple Inc to immediately set shop in India.
It has now been decided to permit 100% FDI under government approval route for trading, including through e-commerce (1/2)— PMO India (@PMOIndia) June 20, 2016
Now most of the sectors would be under automatic approval route. (2/2) #TransformingIndia — PMO India (@PMOIndia) June 20, 2016
Key reform decisions were taken at a high level meeting chaired by the PM, which makes India the most open economy in the world for FDI. — PMO India (@PMOIndia) June 20, 2016He further said that India has been rated as number one FDI destination by international agencies.