As international gold prices also moderated significantly, the decline in imports from US $ 54 billion in 2012–13 to $ 29 billion in 2013–14 was substantial which helped to bring down CAD within a sustainable range. Capital flow management The limit on foreign investment in government dated securities was enhanced to $ 30 billion.
Public sector financial institutions were allowed to raise quasi-sovereign bonds to finance long term infrastructure requirements. PSU oil companies were allowed to raise additional funds through ECBs and trade finance. FDI norms were modified for a number of sectors. For instance, FDI limit was raised from 74 per cent to 100 per cent in telecom sector and asset reconstruction companies.