New York: Leading dailies in the United States have described India’s decision to allow foreign direct investment (FDI) in multi-brand retail and aviation as “biggest economic reforms” in two decades, while apprehending these proposals pose a “big political risk” for the Prime Minister Manmohan Singh-led UPA government.
The New York Times said Singh’s Congress-led government was “under heavy pressure to kick-start India’s slowing economy, boost employment and improve the country’s shambolic infrastructure” and allowing major foreign brands like Walmart into the country was a step in that direction.
It said the decision to open the retail, aviation and broadcast sectors to foreign investment was ‘the biggest economic reforms in two decades’ but the plans will continue to stir controversy”.
The Washington Post said the reforms announced by Singh “are the biggest and toughest reforms since Manmohan Singh took over in 2004”.
Singh is taking a big political risk with the economic proposals, which could end up breaking up his governing coalition,” it said.
16/09/12 PTI/Business Standard
To Read the News in full at Source, Click the Headline
Sunday, September 16, 2012
Major US dailies hail FDI decision
Sunday, September 16, 2012
Related Posts:
Himachal plans international airport to catch upper-crust foreignersShimla: In a bid to cash in on the popularity of Himachal Pradesh among foreign tourists, the state government is planning an international airport to… Read More
Broke Maharaja pampers desi flyersMumbai: It is a brand new aircraft. There are only 30-odd of its kind in the world as of now. It is all about passenger comfort as it has been made t… Read More
Mahindra GippsAero appoints Hawker Pacific as dealer for AseanMumbai: Mahindra GippsAero has appointed Hawker Pacific as its authorised dealer for the Asean region. GippsAero is the Australian manufacturing arm o… Read More
Private airlines welcome government's move on allowing FDI in aviationMumbai: Private airline companies today welcomed the much-awaited policy change ushering in foreign direct investment by overseas carriers, saying the… Read More
Chandy seeks waiver for quick launch of Air KeralaKochi: The first meeting of the newly-constituted board of directors of Air Kerala will be held here Friday, said Chief Minister Oommen Chandy while d… Read More
0 comments:
Post a Comment