To encourage foreign investment in India, we have been trying to persuade many developed countries to invest in India. And now policies have been made to attract them. FDI (Foreign Direct Investment ) in telecom sector has been increased from 74% to 100%. And in insurance sector it has been increased from 26% to 49%. But this still needs clearance from the Parliament. With the Rupee having a lost its value to the dollar greatly, will foreign investors like to invest here? Since Rupee is weaker, it can help the investors get more value for their money. This is an open opportunity. In defence also FDI percentages have been raised. But it would require conditional clearances. We want state-of-the-art technology in defence sector. Indian investors need to have confidence in ourselves. Instead, all of us invest in gold, to save themselves from ups and downs of the market. Global conditions dictate how our reforms are taken. To cut down our current account deficit we are taking all kinds of desperate measures. Foreign capital 100% in telecom would allow a foreign telecom firm access to spectrum as never before. It would mean mean that they can take full control and we would be at their mercy soon. Not only the policies, but the connected rules will have to be framed. Along with the economic reforms, we must refine our administration which would carry out the reforms. Did we do that? With the food security scheme coming up, the value of the Rupee would further go down. Then what would happen? Our economy would experience more and more turbulence.
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