A series of reforms by the Narendra Modi government to increase FDI in many sectors has paved the way to utilise the potential of US-India bilateral trade.
A series of reforms by the Narendra Modi government to increase FDI in many sectors has paved the way to utilise the potential of US-India bilateral trade. The FDI decision in civil aviation is significant as it would allow foreign investors, barring overseas airlines, to have up to 100 per cent stake in local carriers, making the setup of Vistara and AirAsia in India easier. Also, foreign airlines can enhance competition and their customer base without any ownership controversies.
Kartik Anand
Via email
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