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Economist (April 14)

2011/ 04/ 15 by jd in Global News

India should promote foreign direct investment (FDI). Restrictions barring or limiting foreign investment in certain industries are the main barrier. Railways, legal services, insurance and domestic airlines are areas where foreign investment is unnecessarily restricted. “Given the huge benefits that liberalisation could bring to India’s 1.2 billion people, the government should pluck up courage and fling wide the gates.”