Automatic FDI In Defence Is Anything But Automatic
Akash surface-to-air missiles are displayed by the Defence Research and Development Organisation during the DefExpo 20 in Lucknow, Uttar Pradesh, India. (Photographer T. Narayan/Bloomberg)

Automatic FDI In Defence Is Anything But Automatic

India has allowed up to 74% foreign direct investment in the defence sector through the automatic route—without prior approval of the government. Yet, there’s nothing automatic about it.The new lim...
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