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This is an archive article published on June 4, 2013

India plans raising FDI caps in sectors including defence: Raghuram Rajan

India currently allows 26 percent foreign direct investment in the defence sector.

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India plans to raise caps on foreign direct investment in sectors including defence,chief economic adviser Raghuram Rajan said on Tuesday.

India currently allows 26 percent foreign direct investment in the defence sector.

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In a bid to attract foreign inflows into the country,India allowed foreign companies last September to invest in local supermarkets and local airlines.

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