LIVE: Govt approves 100% FDI in aviation, defence, here are the reactions

As per the Government's release, most of the sectors now will have 100 per cent FDI except a few.

By: Express Web Desk | New Delhi | Updated: June 20, 2016 6:46 pm
FDI, 100% FDI, FDI 100%, 100% Fdi defence, 100% FDI aviation, 100% FDI india, 100% FDI broadcast, narendra modi, modi FDI, 100% FDI BJP Prime Minister Narendra Modi held a high-level meeting where he reviewed the country’s FDI policy on Monday

The Union government on Monday made some major changes to FDI policy with the objective of providing major impetus to employment and job creation in country.

Monday’s amendments to the FDI Policy are meant to liberalise and simplify the FDI policy so as to provide ease of doing business in the country leading to larger FDI inflows contributing to growth of investment, incomes and employment.

With this move, the government has allowed 100 per cent FDI in defence, aviation, pharmaceuticals (74%) and broadcast services.

WATCH VIDEO |Modi Govt Liberalises FDI Regime: All You Need To Know


Here is how the markets shot up after the announcement:

4:32 pm Bold & transformative new FDI policy will ensure India will retain its position as world’s top FDI destination, for long time: Raman Singh

4:31 pm


4: 31pm


3.10 pm: Market reaction to the government’s new FDI policy


SpiceJet 68.70 +6.43%

IndiGo 1048.35 +3.44%

Jet Airways 582.70 +5.96%


Brownfield Pharma: Biocon 727.10 +1.39%


Dish TV 96.20 +2.56%


Rel Defence 66.65 +8.64%

Walchandnagar 153.50 +5.21%

This move by the government has attracted different reactions from political leaders and intellectuals. Here are some of them:

3:20 pm: 

Major reason for FDI policy changes is to create more jobs: Das

3:10 pm: Aviation Secretary to CNBC-TV 18 – Hike in FDI cap will increase competition in the sector

3:00 pm: 

2:30 pm:

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  1. AB CD
    Jun 20, 2016 at 2:46 pm
    Actually India should not open door for foreign corporations. Indian corporations (local industries) are not getting welfare supports like US or European companies are getting from their governments. For example US corporation are getting funds from US government for advertising US products on Media. Indian corporations are not getting same support. I would say it is unfair compeion for local indian companies.
    1. AB CD
      Jun 20, 2016 at 2:49 pm
      Indian government should support companies like Geetanjali, Godrej, Reliance, TATA etc. Indian government should provide them good incentives, so they can beat foreign corporations. Incentives are investments not expenses for government. My request to Modiji, please support your own local industries. Jai Hind - NRI.
      1. AB CD
        Jun 20, 2016 at 5:38 pm
        Madhu I agree some of your point of view. But new generation Indian are not same. It will takes sometime to minimize corruptions and black money problems. USA had 300-400 years before becoming wealthy and great nation. India has only 70 years. British were not interested for the development of India, instead they destro Indian economy otherwise we don't have to go to foreign country. we love India. I tried to challenge twice, but I fail, I will try again. Modi is a revolution. He will take India on the top. Just you have to have faith in him.
        1. A
          Am A
          Jun 20, 2016 at 4:22 pm
          "The govt is selling the Nation to foreigners"lt;br/gt;lt;br/gt;Nope I am not saying this... this is actually the stand of BJP on FDI when it was in opposition!!
          1. M
            Jun 20, 2016 at 10:11 am
            Great move. This is called Desh prem.
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