India maintains investment restrictions on China for national security, despite FDI goals.
India's Finance Minister Nirmala Sitharaman announced that investment restrictions on neighboring countries, particularly China, will remain in place for national security reasons. This decision follows a recent agreement between India and China to patrol their disputed Himalayan border, aimed at easing tensions from a deadly 2020 clash. Despite industry pressure, India targets $100 billion in annual Foreign Direct Investment (FDI) while ensuring secure investment sources.
October 23, 2024
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