The government, which was severely criticised by industry for policy paralysis this year, opted for big-bang reforms and allowed politically-risky 51 per cent FDI in multi-brand retail and 49 per cent investment by foreign airlines in the aviation sector.

The slew of reforms included raising FDI cap in broadcasting from 49 per cent to 74 per cent and allowing foreign investment in power exchanges. Besides, it has also increased FDI cap to 74 per cent in the service providers like DTH in broadcasting sector.......Read More