MORE BANG FOR THE BUCK

India Today - - COVER STORY -

min­istry bu­reau­crats. Eas­ing FDI across sec­tors and plac­ing most sec­tors on the au­to­matic route, it es­sen­tially means in­vestors can skip the lay­ers of In­dia’s no­to­ri­ously tardy bu­reau­cracy if they want to in­vest in the coun­try. It is tar­geted to­wards im­ple­ment­ing the govern­ment’s prom­ise of im­prov­ing the ease of do­ing busi­ness in In­dia, apart from giv­ing in­fra­struc­ture and ru­ral econ­omy a push.

“The de­ci­sion is to en­cour­age in­vest­ment which will lead to job cre­ation,” says Shak­tikanta Das, sec­re­tary, de­part­ment of eco­nomic af­fairs. “This is in sync with the govern­ment’s philosophy of min­i­mum govern­ment and max­i­mum gov­er­nance.” The Modi govern­ment’s loud­est bang was in de­fence. In July 2014, just two months af­ter the govern­ment was sworn in, it in­creased FDI quo­tas in

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