Nation At 9: Modi reaches out to the world with FDI reforms

| Monday, June 20, 2016 - 23:30
First Published |
Nation At 9: Modi reaches out to the world with FDI reforms

Just when doubts had begun to be expressed over the pace of reforms, Prime Minister Narendra Modi has provided a stimulus to the India growth story. 
Just over a week after his return from the United States where he was feted by the US IBC, Mr. Modi has reached out, quite literally, to the world with a slew of FDI reforms that many are saying are the biggest yet in over 2 decades. 
The reform push confirms that Modi has not deviated from the minimum government, maximum governance credo he had committed his govt to. 
While there will be many who will try to trivialise the enormity of the reform push by suggesting that it has been timed to divert attention away from Raghuram Rajan's controversial exit, there is no denying that this move will go a long way to reassure investors that the Modi govt is still committed to big bang reforms.

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