In an interview with the Wall Street Journal, Prime Minister Narendra Modi of India stated, “In two years, we have done a lot to position India to thrive in the changing world.” He mentioned that...

In an interview with the Wall Street Journal, Prime Minister

Narendra Modi of India stated, “In two years, we have

done a lot to position India to thrive in the changing

world.” He mentioned that under his administration,

restrictions on foreign investment into India have been

loosened. Why would loosening restrictions on foreign investment help position India to thrive? Briefly

explain.