Clearing government stand on FDI in multi-brand retailing, Commerce and Industry Minister Nirmala Sitharaman on Wednesday said the NDA government will not "entertain" foreign direct investment in multi-brand retail.
Bitter rivals Trinamool Congress and Left parties joined hands in Rajya Sabha to target the government over FDI in Defence and Railways, alleging that the decision was taken in a "hurry" and amounted to "selling" the country`s interests.
The RSS is "not an economic fundamentalist", senior sangh leader Ram Madhav said on Thursday making it clear that the Narendra Modi government is free to take decisions for the good of the country including on FDI.
Asserting that the 26 per cent FDI cap acts as a disincentive for foreign companies to invest in India`s crucial defence sector, an Indian defence expert has called for increasing the investment limit.
In a scenario where P Chidambaram is working overtime to attract more FDI (foreign direct investment) inflows into the country, the recent World Bank report on ‘Doing Business’ has come as a dampener for the domestic economy
It has been more than 20 years since India witnessed economic liberalisation but the contribution of India’s manufacturing sector to the overall GDP (Gross Domestic Product) has remained stagnant at about 15 per cent. This has led to a scenario of inadequate jobs as manufacturing has generated jobs at a snail’s pace of one-two million each year since the 1970s.