Government of India Reforms 100% FDI
The Indian government launched a second wave of FDI reform allowing 100% inflows in civil aviation, e-commerce and food processing sectors. New window of opportunity has been opened for multiple sectors like pharmaceuticals, retail, aviation, defense, food, private security. Now, these sector's will be completely open for foreign ownership. This step will attract investments from global corporation. Now, most of the sectors will be under direct approval route, except few listed. PM Modi Tweeted on 20th June 2016 that " India is most open market in the world for FDI ". PM also tweeted, " This is 2nd major reform after the last radical changes announced in Nov 2015 " At present in India as per FDI regime permits foreign companies to have only 49% of equity share. But, after this step Foreign Investment will go beyond 49%. The FDI inflow in India has increased by astounding amount of $55.46 Billion in year 2015-16 as compared to year 2013-14 it