A major move of reform came just after a day, Bharatiya Janata Party (BJP) government led by Prime Minister Narendra Modi suffered a crushing defeat in states of Bihar to local parties.
These new reforms will ease and simplify the process of foreign direct investment in 15 key sectors that includes manufacturing, defense, mining, broadcasting, private banking and many others. These new reforms will aim to push new FDI proposals more through automatic routes than current government channel, for which process is lengthy and painstaking.
Mr. Modi aspires to bring India to World Bank's top 50 countries in rank of ease of doing business by 2017, but that dream wouldn't be an easy one to fulfil, given India's current rank at 130th.
India this year has remained one of the top FDI destination in the world and if current government keep pursuing reforms like these, next year could also be similar.
Indian Rupee, however is trading close to its all-time record low against Dollar, worried over election outcome and FED hike. INR is now at 66.4 per Dollar.


Bitcoin Smashes $93K as Institutions Pile In – $100K Next?
European Luxury Market Set for a Strong Rebound in 2026, UBS Says
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges
India’s IT Sector Faces Sharp 2025 Valuation Reset as Mid-Caps Outshine Large Players
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers 



