As per the policy applicable in 2017, how much Foreign Direct Investment (FDI) is permitted in the defence sector in India ?
49 per cent through the automatic route
26 per cent through the government route
26 per cent through the automatic route and beyond that up to 49 per cent through the government route
75 per cent through the automatic route
Answer is Right!
Answer is Wrong!
This question was previously asked in
UPSC NDA-1 – 2018
– Beyond 49%, FDI was permitted through the government route (Foreign Investment Promotion Board/FIPB, which was later abolished and replaced by the DPIIT consultation mechanism) on a case-by-case basis, with the condition that it should result in access to modern technology.