Reacting to Barack Obama’s remark that India should carry out difficult economic reforms, India’s commerce and industry minister has said that the country is already investor friendly.
Minister Anand Sharma said that although the US president has every right to air his own perceptions, the policy making is a sovereign decision for India alone, and country’s FDI policy regime is already investor-friendly.
In an interview with Press Trust of India had said that India prohibits foreign investment in too many sectors such as retail, and invited another wave of economic reforms.
"It is still too hard to invest in India. In too many sectors, such as retail, India limits or prohibits the foreign investment…which is necessary for India to continue to grow," Obama said according to reports.