India unveils sweeping foreign investment reforms

India Monday announced sweeping moves to expand foreign investment in civil aviation, defence and a string of other sectors as part of attempts to open up the economy. The government eased restrictions on foreign direct investment (FDI) in nine areas as it looks to spur investment in the world's second most populous country. Prime Minister Narendra Modi tweeted that the "radical" changes would make "India the most open economy in the world for FDI" and were aimed at generating jobs for the count