India now most open economy in world for FDI, says PM Modi

 Prime Minister Narendra Modi hailed a sweeping liberalisation of rules on foreign direct investment on Monday, saying they would make Asia`s third-largest economy the most open in the world.

Reuters| Last Updated: Jun 20, 2016, 16:36 PM IST
India now most open economy in world for FDI, says PM Modi

New Delhi: Prime Minister Narendra Modi hailed a sweeping liberalisation of rules on foreign direct investment on Monday, saying they would make Asia`s third-largest economy the most open in the world.

"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," Modi said in a tweet.

In a second tweet, he said the changes would provide a "major impetus to employment and job creation in India."