Clear up governance to attract more FDI

The government's modest attempt to open up to more foreign direct investment (FDI) might not bring in a flood of dollars immediately, but it is a step in the right direction. The most significant measure is to hike the ceiling for FDI in telecom from 74 per cent to 100 per cent, though investors who want to go up to that level will still need clearance from the government.

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