Decision of Government of India (GoI) for economic reform

Hike in diesel price: – Diesel price is hiked by Rs 5

Its impact

Disinvestment in PSUs

Its impact

  • Through this government will raise money to pay its creditors means tries to decrease higher fiscal deficit.

FDI in Retail: – Rules eased for single brand stores

Its impact

  • Increase in the employment,
  • economic growth of the country and
  • Market will become big for suppliers.

FDI in Aviation: 49% FDI is allowed for foreign airlines

Its impact

  • Airfare could fall and there will be competition between the service provider to provide better service to its customer

FDI in power trading: – 49% FDI in Power trading exchange

Its impact

(GoI: Government of India)