Abstract

Foreign investment has played a significant role in the growth and development of the Indian economy with inflows increasing significantly since India began to encourage foreign investment in the 1990s as part of its overall strategy of economic liberalisation. The more recent policies implemented by the Indian government since 2014 have ensured a largely liberal foreign investment policy leading to India having opened-up nearly 90 per cent of its industrial base to foreign investment. However, in the past year, certain measures adopted by the Indian government suggest that India's ...