India eases FDI rules for firms with up to 10% Chinese ownership.

India plans to ease FDI rules for firms with up to 10% Chinese ownership, allowing automatic investment in manufacturing sectors like electronics and defense. The change is expected to be notified under FEMA soon, with approvals streamlined to 60 days. Inflows reached $88.29 billion in the last fiscal year, with Invest India recording 60 new projects creating over 31,000 jobs.