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Better Business Climate, Easier Trade Norms Will Facilitate FDI In India: IMF

Better Business Climate, Easier Trade Norms Will Facilitate FDI In India: IMF

According to International Monitory Fund (IMF), easing the existing business climate and relaxing trade policies and norms will help India attract more foreign direct investment, which will improve the current account deficit situation. In its External Sector Report for India, the International Monitory Fund has said that even though liberalization of foreign direct investment in India has witnessed progress, portfolio flows continue to remain controlled. India’s trade barriers persist to be significant, it said, adding steps to contain fiscal deficit…

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