How India is attracting foreign investors with aggressive reforms

India, long wary of foreign investment, has readied the most aggressive reforms in decades meant to attract foreigners to take advantage of the various industries in the world’s second most populous country. Restrictions have been lifted on mega-retailers, as well as barriers to investment in the aviation and broadcast media industries, and soon in the insurance and pension schemes. The changes follow long-time debates in the US that focus on how large retailers will force the closure of small, family-owned shops. Reformers hailed these reforms as an end of policy stagnation. While foreign operators are still required to partner with Indian companies and limited to cities with over 1 million people, the reforms have clinched the interest of Starbucks, Diageo, and other global brands.  

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