Recent changes to India’s FDI laws
India’s policy on foreign direct investment (FDI) is embodied in the Consolidated FDI Policy dated 15 October 2020 (as amended from time to time) (FDI Policy). The policy pronouncements made under the FDI Policy are notified in the Foreign Exchange Management (Non-Debt Instruments) Rules 2019 (NDI Rules), under the Foreign Exchange Management Act 1999.