India eases FDI policy for retail, telecom
India Thursday decided to hike the foreign direct investment limits in a host of sectors, notably telecom, oil refineries, commodity bourses, power exchanges and stock exchanges and relaxed the policy for retail, giving clear signal to overseas investors that the economic reforms were on track.
The decisions were taken by the federal cabinet chaired by Prime Minister Manmohan Singh.
The foreign direct investment (FDI) limit for telecom sector has been increased from 74 percent to 100 percent.