RBI bats for more FDI in retail, insurance and aviation

Mumbai: The Reserve Bank of India said there is a need to further improve foreign direct investment (FDI) inflows in sectors such as insurance, retail, aviation and urban infrastructure.
The central bank, which has made this suggestion in its Annual Report for 2011-12, said this will augment non-debt creating flows and keep the composition of India’s external liabilities at a comfortable level.
On the apprehensions over FDI in multi-brand retail, the RBI said international experience on the whole suggests that allowing FDI in retailing space leads to increased competition.
23/08/12 Business Line

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Categories: Foreign Aug 2012, Indian Aviation- In General Aug 2012