Is reforms mean that Foreign Direct Investment (FDI) should be brought in all sectors, including defence and other crucial sectors? It seems the thinking of the Modi Government.

In order to divert the attention from the dismal defeat in the Bihar elections, the government has declared easing FDI norms in 15 sectors including defence, retail trading, construction, broadcasting etc. The MNCs and corporates have been pointing out lack of governance and the NDA government has immediately reacted to pacify them, who are the real masters.

The FDI has been increased to 100% in Construction, Broadcasting, ground handling in air-ports, Plantation etc. It is raised to 74%/ 49% in defence and other sectors. Now the corporates will stop criticising Modi for the Bihar debacle, since they got what they wanted.

It is also relevant that every time the Prime Ministers (including Dr.Man Mohan Singh) leave for US or UK, they take advance bail by announcing many favourable decisions for the MNCs. You can not blame anybody, if they say that the Indian Government has joined the band wagon of the USA & UK.