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ARTICLE · 25 FEBRUARY 2020

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The Indian government recently announced several measures intended to revive the economy amid worries of a slowdown and very weak global markets.

IndiaGovernment, Public Sector
Dipti Lavya Swain
Dipti Lavya Swain
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The Indian government recently announced several measures intended to revive the economy amid worries of a slowdown and very weak global markets. The measures include allowing 100% foreign direct investment (FDI) in the contract manufacturing sector, while regulations on local sourcing norms for foreign investment in single brand retail trading (SBRT), and 100% FDI under the automatic route for coal mining, have also been relaxed.

The government also imposed a 26% cap on FDI in the digital media sector, which has raised a few questions. All this information was contained in a press release, so it will be worthwhile to read the fine print on the changes, which are expected soon.

Single brand retail (SBRT)

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