Liberalising FDI will be meaningless if ministries end up blocking foreigners

In the face of the opposition by various line ministries, the government has done well to try and hike the FDI limits in various sectors. Indeed, the fact that the prime minister cleared the hike in FDI levels in insurance, from the existing 26 per cent to 49 per cent, suggests the government is willing to slug it out in Parliament.

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