MODI Government has announced the second biggest overhaul of FDI rules. Agriculture and rural economy has been left out it seems.
The govt notification claims that India is now the most open economy in the world for FDI. Two items in the list related to "BHARAT" are:
(1)100% FDI under the automatic route will also be allowed in Animal Husbandry, Pisciculture, Aquaculture and Apiculture without the rider of ‘under controlled conditions' and
(2)100% FDI will now be allowed with government approval in trading (including via e-commerce) of food products produced in India.
BHARAT is waiting!
The govt notification claims that India is now the most open economy in the world for FDI. Two items in the list related to "BHARAT" are:
(1)100% FDI under the automatic route will also be allowed in Animal Husbandry, Pisciculture, Aquaculture and Apiculture without the rider of ‘under controlled conditions' and
(2)100% FDI will now be allowed with government approval in trading (including via e-commerce) of food products produced in India.
BHARAT is waiting!
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