Government hikes FDI in defence to 49%, 100% for telecom

[Middle Kingdom]

Indian economy is not going to recover. The current account deficit is widening and the Rupee collapsing, India has been burning through its forex reserves to prop up the collapsing Rupee. Lets see how it goes, I'm pretty sure the Indian growth story is finished for atleast another 10 years until India can improve its manufacturing industry, improve infrastructure and reduce the staggering corruption.

 

[fsayed]

Indian economy is not going to recover. The current account deficit is widening and the Rupee collapsing, India has been burning through its forex reserves to prop up the collapsing Rupee. Lets see how it goes, I'm pretty sure the Indian growth story is finished for atleast another 10 years until India can improve its manufacturing industry, improve infrastructure and reduce the staggering corruption.

if as per u india taking 10 yrs then china needs century to recover because u dont have young population to work export is shrinking trap in middle income economy people r getting job less u real estate buble busting with number of ghost city so plz mind ur own country i m proud to b indian

 

[cirr]

I see India is desperate for FDIs.

This is perhaps a wise move short term, for otherwise the rupee will be in free-fall. Again!

 

[cirr]

Selling out the last pieces of family silvers.

 

[fsayed]

Selling out the last pieces of family silvers.

Which are the sectors where FDI is not
allowed in India, both under the Automatic
Route as well as under the Government Route?
Ans. FDI is prohibited under the Government
Route as well as the Automatic Route in the
following sectors:
i) Atomic Energy
ii) Lottery Business
iii) Gambling and Betting
iv) Business of Chit Fund
v) Nidhi Company
vi) Agricultural (excluding Floriculture,
Horticulture, Development of seeds, Animal
Husbandry, Pisciculture and cultivation of
vegetables, mushrooms, etc. under controlled
conditions and services related to agro and
allied sectors) and Plantations activities (other
than Tea Plantations) (c.f. Notification No. FEMA
94/2003-RB dated June 18, 2003
).
vii) Housing and Real Estate business (except
development of townships, construction of
residential/commercial premises, roads or
bridges to the extent specified in Notification
No. FEMA 136/2005-RB dated July 19, 2005
).
viii) Trading in Transferable Development Rights
(TDRs).
ix) Manufacture of cigars , cheroots, cigarillos
and cigarettes , of tobacco or of tobacco
substitutes. oh my friend talk without any knowledge still above sector r pending to open for fdi here is source plz refer it
, rbi.org.in/scripts/FAQView.aspx?Id=26