Why India would need more business grads in the Modi era!

The present government at the centre has come out with some incredible (some might say desperate) features in the FDI policy this year. Even though they had opposed the then UPA government who took us through the global route in '91, realisation seems to have sinked in that foreign investment could solve most of our problems. Have a look at few of the pointers of the FDI policy of 2016:

• 100 per cent FDI under government approval route for trading, including through e-commerce, in respect of food products manufactured and/or produced in India. 

• To attract investment in the defence sector, the government has removed the condition of 'state-of-art' technology, besides permitting foreign investment in manufacturing of small arms and ammunitions

• The government has also permitted 100 per cent FDI through automatic route in broadcasting carriage services like teleports, direct-to-home and mobile TV

• the government allowed 100 per cent FDI in airlines and relaxed norms for overseas investments in brownfield airports

• In private security agencies, FDI limit was raised to 74 per cent from 49 per cent earlier.

• The conditions related to local sourcing in single brand retail were exempted upto 3 years of initial operations

• In pharmaceuticals, government has allowed FDI upto 74 per cent through automatic route and beyond that under government approval

• The government has also relaxed the norms in animal husbandry sector

• And not to mention the infamous Private Universities act, which will become a reality in a few months, will bring in unprecedented and unopposed investments from abroad

With so many new avenues opening up in the current economy and market, who will manage all these new ventures and business which will be setup in our country through the FDI route? You know the answer, so if you are an MBA aspirant and planning to take it up this admission season then make sure you chose the right B-School. Probably the one which makes sure you are aware about all these current trends in the economy!

Source: Economic Times