What Is The Current FDI Rate Of India?
Foreign Direct Investment or FDI is an important propollent of economic growth in India. It is also a crucial source of non-debt financial resources for the economic development of India. Lower wages and special investment privileges such as tax exemptions attract foreign companies to invest in India. FDI also leads to achieving technical expertise and generation of employment. The government has taken many initiatives in recent years, such as relaxing FDI norms across various sectors like Defence PSU Oil refineries…