New FDI Road To Make In India
As a part of economic liberalization, India brought forth economic reforms during 1966 and 1985 in the crude form and 1991 in relatively refined form.
As a part of economic liberalization, India brought forth economic reforms during 1966 and 1985 in the crude form and 1991 in relatively refined form. But due to various factors the venture did not have desired results.
Later in 1997 the Government allowed foreign investment but with restrictions. From 2006 the nation saw the restrictions being relaxed. The permission to invest in India was increased up to 51% of investment. This has changed the lives of India in general. The Government did not hesitate to increase the investment to 100% in few sectors. This has given a strong economic base for India in the world market.
In 2017, the focus of present the Prime Minister though shifted to Make in India, significant changes have been brought in the FDI policy, those which India has never witnessed.
An overview on FDI with reference to Make in India will be helpful for an aspirant who intent to invest in India. The new Foreign Direct Investment Policy can be summarized hereunder:-