A proposal to raise the threshold for foreign direct investment (FDI) projects requiring Cabinet Committee on Economic Affairs approval from Rs 5,000 crore to Rs 15,000 crore, as per a PTI report based on sources, offers a clue to a broader shift underway in economic policy and and the government's latest thinking on foreign investment.
If the government goes ahead with this reported proposal, it would be an ease-of-doing-business measure which will be part of wider effort to attract more foreign capital at a time when policymakers have become increasingly focused on India's external accounts.
