Recently Government of India lead by Prime Minister Shri Narendra Modi announced a major policy change which could lead to a windfall for the economy of India. Government allowed up to 100% Foreign Direct Investment (FDI) in Aviation, Pharmaceuticals, Defense and Retail. This is a historic decision given India’s fear of giant multinational companies since gaining independence in 1947. India, which gained independence after a 200 year British rule started by East India Company has always been vary of allowing another big multinational company to set up business on Indian soil without a control of Indian government. With this decision of Modi government, the fears have again crept back into the minds of thousands of Indians. They have started criticizing the government alleging that it is again staking the sovereignty of the country. However, the fact is that these fears are baseless. India of today is not the same as the India when East India Company first landed on its shores
Thoughts from a conscious mind!