New Delhi: The government is examining India’s foreign direct investment policy to look for new areas that can be opened to overseas investors and sectors that face hurdles despite being on the automatic route.
“We have started a review and have asked all stakeholders to check for areas that can be opened up and if the automatic route is actually being used in existing sectors,” said an official aware of the development.
The exercise comes after FDI equity inflows into India fell in 2018-19, for the first time in six years, with a steep decline in telecom, pharmaceuticals and power.
