August 28, 2019 / 1:47 PM / 3 months ago

India eases foreign investment rules for several sector to boost growth

NEW DELHI, Aug 28 (Reuters) - India's federal cabinet on Wednesday approved further liberalizing of foreign direct investment (FDI) rules in four sectors, in an effort to get economic growth back on track.

The government approved foreign investment in digital media up to stakes of 26%, allowed 100% foreign investment for coal mining and contract manufacturing, and eased sourcing norms for single-brand retailers. (Reporting by Aftab Ahmed; Editing by Hugh Lawson)

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