The government is expected to soon announce relaxations in the foreign direct investment (FDI) policy in certain sectors, including single brand retail.
The easing of the policy will be on the lines of the announcements made by Finance Minister Arun Jaitley in the Budget for 2017-18.
The government is also considering a proposal to increase FDI limit in print media to 49 per cent from 26 per cent.
Foreign investments are considered crucial for India, which needs around USD 1 trillion to overhaul its infrastructure such as ports, airports, and highways to boost growth.
Foreign investments will help improve the country's balance of payments situation and strengthen the value of the rupee against global currencies, especially the US dollar.
FDI inflows into India firmed up by 22 per cent to USD 35.85 billion during April-December 2016. RR CS ARD.
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