India's FDI reforms may benefit EU trade deal

© Khunaspix Dreamstime.

The Indian government’s decision to allow foreign direct investment in its retail and aviation markets could see welcome change for the country. Some observers believe the decision will help seal a free trade agreement with the EU, while local manufacturers believe it will boost economic growth. The Apparel Exports Promotion Council said: “”It will give the much needed fillip to the entire textiles industry. Employment opportunity will be created in plenty. Manufacturing activities will get a boost.”