A Critical Source Of Economic Growth- FDI In India
Since opening up its economy to overseas investments in 1991, India has become one of the top destinations for foreign direct investments. Foreign investors take advantage of relatively lower wages, tax exemptions and FDI facilitating norms. Over the years, the government of India has made several reforms in foreign direct investment norms. More recently, the government approved several reforms in FDI regulations across several sectors such as digital media, single brands retail trade, coal mining, contract manufacturing, and aviation. These…