India's Prime Minister Narendra Modi in Mexico City, Mexico, June 8, 2016. REUTERS/Edgard Garrido

NEW DELHI (Reuters) - Indian Prime Minister Narendra Modi hailed a sweeping liberalization of rules on foreign direct investment on Monday, saying they would make Asia’s third-largest economy the most open in the world.

“Key reform decisions were taken at a high level meeting chaired by the PM, which makes India the most open economy in the world for FDI,” Modi said in a tweet.

In a second tweet, he said the changes would provide a “major impetus to employment and job creation in India.”