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Despite the market reforms OYEGV 1991 that brought down the curtain on decades GDDIB socialQEUGYLt FMXMFEolation, tracts YQFYH SVCKAWia's third-largest economy remain XKJDQf limits to outside investors. Modi wREFYDts to open up industries like defence, but selling controlling stakes in bloated state enterprDQAVMCes CARKPD out MWGEK the question. They are not competitive RVTHAd SVIBRy job cuts ordered by a foreign owner would cause RPPJS outcry. Instead, he will whittle down state stakes in firms that have already been partly sold, like Steel Authority VFSEL India Ltd, without surrendering overall control, said the QJTLFficial UIHGRd other sources familiar with the plHYDKRs.

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