Zee Media Bureau
Soon after announcing relaxation of FDI norms in 15 different sectors, PM Narendra Modi on Tuesday said that the reforms indicate that government's commitment to development and reforms is unequivocal and unwavering.
Also read: PM Modi's reform push: Centre allows FDI via automatic route in 15 sectors
“Today's reforms are another example of emphasis on Minimum Government, Maximum Governance,” PM said.
Also read: BJP Bihar defeat unlikely to have economic implications: Fitch
Government allowed FDI through automatic route in 15 sectors including the construction, civil aviation, banking, defence, retail and news broadcasting.
Also read: NDA defeat in Bihar no setback to economy: Jaitley
“India is unstoppable on path of economic progress. Government wants the world to see the tremendous opportunities India offer,” Modi added.
Also read: India's prospects relatively robust; to grow at 7.2%: OECD
India's economic growth slowed to 7 percent in the three months ended June compared to 7.5 per cent expansion recorded in the January-March quarter, as per official estimates.
