Foreign Direct Investment (FDI) in India Since 1991

India's policy regarding foreign direct investment (FDI) during the post-Independence period can be broadly classified into four distinct phases: (a) cautious non-discrimination in controls during the period 1948 to mid/late 1960s; (b) selective restrictions and controls from the mid/late 1960s to the end of 1970s with the promulgation of the Foreign Exchange Regulation Act (FERA), 1973 and the Industrial Licensing Policy, 1973; (c) gradual and partial liberalisation in the 1980s with special incentives for investment in export-oriented units; and (d) full-fledged liberalization regarding foreign investment along with medium-term adjustments and long-term structural reforms since 1991. Over the past few years, India has become an attractive destination for foreign investment owing, among other factors, to its large and rapidly growing consumer market, a developed commercial banking network, availability of skilled manpower and a package of fiscal incentives for foreign investors. In spite of the fact that India is strategically located with access to a vast domestic and South Asian market, its share in the world's total flow of direct investment to developing countries is relatively low. China, Singapore, Indonesia, Philippines, and Thailand attract greater amounts of foreign investment than India. The current world scenario calls for further liberalization of norms for foreign investment by present and prospective foreign entrepreneurs. The present book deals with almost all aspects of FDI in India. It particularly focuses on current policies, conditions and procedures for FDI in-flows into India. [Subject: Business & Economics, Investment, India Studies, Economic History, Foreign Trade, Development Studies]

Politica Indiei cu privire la investitiile straine directe (ISD) in perioada postindependentei poate fi clasificata in patru faze distincte: (a) nediscriminare prudenta in controale in perioada 1948 pana la mijlocul / sfarsitul anilor 1960; (b) restrictii si controale selective de la mijlocul / sfarsitul anilor 1960 pana la sfarsitul anilor 1970, cu promulgarea Legii privind reglementarea schimbului valutar (FERA), 1973 si a Politicii de licentiere industriala, 1973; (c) liberalizarea treptata si partiala in anii 1980, cu stimulente speciale pentru investitii in unitati orientate spre export; si (d) liberalizarea deplina a investitiilor straine, impreuna cu ajustarile pe termen mediu si reformele structurale pe termen lung din 1991.