Feb. 25, IIF, New Delhi : Prof. J.D. Agarwal, Professor of Finance and Chairman, Indian Institute of Finance has welcomed the government decision to allow 100 % FDI in Housing Sector besides bringing in necessary alignments in terms of relaxing certain conditions which were obstructing the flow of FDI in the country in the past.

According to Prof. Agarwal, it is a well thought out decision which will help the economy not only by providing more housing but also give a boost to other ancillary industries and generate employment both skilled and unskilled workers in the country.