XXXVIII, No 19, 05/10/2020
India’s 74 percent FDI uplift conditionally approved—“may make little impact”
India’s Department for the Promotion of Industry and Trade has approved an increase to the country’s defence foreign direct investment (FDI) cap from 49 percent to 74 percent. The increase was announced in May. The department has conditioned the rise on a “national security” clause.