India Turns to Reforms to Keep Virus From Sinking Its Economy

India will open up its space facilities, mineral blocks and power distribution to private companies, as it seeks new investments to help shore up an economy hit by the coronavirus pandemic.

Prime Minister Narendra Modi’s administration will also allow foreign investment up to 74% percent in defense manufacturing to attract investments, Finance Minister Nirmala Sitharaman said in New Delhi Saturday. The announcements include enabling private companies to use state-run space ports for launching satellites, and the nation’s atomic energy reactors to produce medical isotopes, she said.