Prime Minister Narendra Modi hailed a sweeping liberalisation of rules on foreign direct investment (FDI) 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,
•    Changes would provide a "major impetus to employment and job creation in India."
•    Government on Monday relaxed FDI norms in a host of sectors including civil aviation, single-brand retail, defence and pharma by permitting more investments under automatic route.
•    Other sectors in which FDI norms have been relaxed include e-commerce in food products, broadcasting carriage services, private security agencies and animal husbandry.
•    The decision to further liberalise FDI regime with the objective of "providing major impetus to employment and job creation in India" was taken at a meeting chaired by Prime Minister Narendra Modi today.