India now most open economy in world for FDI: Modi


NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi hailed a sweeping liberalization of rules on foreign direct investment on Monday, saying they would make Asia's third-largest economy the most open in the world.


"Key reform decisions were taken at a high level meeting chaired by the PM, which makes India the most open economy in the world for FDI," Modi said in a tweet.


In a second tweet, he said the changes would provide a "major impetus to employment and job creation in India."


(Reporting by Douglas Busvine; Editing by Krishna N. Das)


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