“To attract global investors, a number of reforms were taken in the FDI policy and FPI policy,” he added. He said the government has made changes in the FDI policy in several sectors “to ensure that India remains increasingly attractive and investor friendly investment destination“. The other sectors include air transport (USD 5.65 million), information and broadcasting (USD 39.2 million) and retail trading (USD 7.94 million). The government has relaxed FDI Policy in sectors like defence, pharmaceuticals, aviation, food retailing and broadcast. India received $ 5.34 billion foreign direct investment in the first two months of the current financial year, Parliament was informed on Friday.

Source: The Hindu July 22, 2016 10:30 UTC