Bringing down FDI barriers and reducing regulatory uncertainty to attract more private investments will help boost India’s economic growth, according to a recent report by OECD, a Paris-based body.
The report also talks about promoting entry of new private banks and establishing a plan to phase out priority lending.
The report adds the government has to “allow greater participation by foreign investors in the financial services sector and promote the entry of new private banks”.
The Organisation for Economic Cooperation and Development (OECD) is a grouping of mostly rich countries.
