Reforms like FDI in retail welcome: Pascal Lamy, DTO

World Trade Organisation (WTO) Director General Pascal Lamy spoke with CNBC TV 18's Rituparna Bhuyan. Lamy had a word of praise for reforms like retail FDI and subsidy control measures undertaken by India. 

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Pascal Lamy said, "These reforms, I can tell you have not gone unnoticed. The signal is that foreign direct investment (FDI) for instance whether in retail, banking or in insurance is more welcome than before which is good news for Indian economy."

He added, "This sort of reform, short-term is always a bit painful because some like it others don't like it. However, I believe seeing from where I am that it is a very important investment in the future."

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