India’s recent reforms to it’s foreign direct investment guidelines have prompted a flurry of excitement from companies looking to get in on the action, and there are a few growth sectors to watch out for in 2016, says U.S.-India Business Council India Director Nivedita Mehra.
Earlier in November, the Indian government relaxed several of the stringent foreign investment guidelines, giving leeway for increased bilateral business development.
The government eased regulations for 15 sectors including mining, defense, construction, real estate, civil aviation, and broadcasting.
Mehra, who is based in New Delhi with the USIBC, and regularly hosts multinational delegations seeking business in the country, pointed out a few of the sectors to watch for 2016.
Single brand retail is first on everyone’s watch list. India is well on its way to allowing single-brand retail foreign companies to sell in the country via e-commerce portals. This coming as a possible boon for the 100% foreign owned Ikea.
Forbes: India’s FDI Reforms And The Growth Sectors To Watch Out For In 2016
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