Yesterday National Public Radio reported that overseas direct investment in the United States has fallen by half over the past decade and attributed at least part of the drop to crumbling U.S. infrastructure.

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He reiterated the government will stick to its fiscal correction roadmap--of reducing the fiscal deficit to 3% of gross domestic product by March 2017--and that it was also reviewing its foreign direct investment policy to attract more overseas investors.

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The airline is the first to seek Indian government approval after foreign direct investment rules were relaxed last September to allow overseas carriers to own up to 49% stakes in a local airline ventures.

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This is especially true of the overseas Chinese (including those in Hong Kong and Taiwan), who handle some 70% of foreign direct investment into China.

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