100% FDI In Defence, Aviation: Damage Control For 'Rexit'?
Big reforms announced by the government today as major sectors are opened up to more Foreign Direct Investment including civil aviation and defence. The decisions were made public barely 48 hours after RBI Governor Raghuram Rajan announced his exit. The government says this will make India the most open economy in the world. The opposition says the FDI blitz was aimed at damage control after Mr Rajan's shock announcement.
