India needs to curb red tape and lift FDI limits: US Vice President
Source: PTI India needs to cut red tape and lift limits on foreign direct investments (FDI) to move forward, US Vice President Joe Biden said as he sought a high-standard bilateral investment treaty that would make the world's fastest growing economy a magnet for the American capital and technology. "We each have a stake in other's economic vitality," Biden said. "We know, a powerful growing and vibrant Indian economy is in United States' self-interest. And, a growing US economy is in India's best interest. This is not a zero-sum game," he said yesterday in his address at an event to commemorate the 10th anniversary of India-US civil nuclear deal. Biden, who during his visit to India in 2013 had set the target ...
