New FDI norms will help revive construction and infrastructure
As India eases norms on foreign investment, Daizy Chawla and Sunaina Jhingan identify the changes and examines their impact on the construction and infrastructure sectors.
Foreign direct investment (FDI) in India is a major non-debt resource. Inflow of FDI to a country not only brings the required injection of money into domestic industries but also brings in the inflow of technology, knowledge, skills and expertise that enhances capacities and competitive capabilities of domestic businesses. Apart from being a critical driver of economic growth, FDI has been a major financial resource for the economic development of I