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INDIA’S GROWTH STORY FACES ‘BENEFICIAL OWNERSHIP’ HURDLE

Syllabus: GS-3: Indian Economy : Economic Development , Capital Market. Focus: India’s goal to become a $5 trillion economy by 2025-26 faces challenges due to unclear ‘beneficial ownership’ rules in FEMA NDI. Regulatory clarity is urgently needed to attract foreign investments. source:indiatimes Understanding Importance of Foreign Investments: Economic Goal: Foreign investments are crucial to achieving …

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