Revisit the policy framework for investments both foreign and domestic to make them more conducive

BJP government revisited and released the consolidated FDI policy in June 2016. The key changes in the policy suggests inclusion of Non-Resident Indians in National Pension Scheme (NPS), eligibility to invest as per Pension Fund Regulatory and Development Authority (PFRDA) Act & no approval for mergers and acquisitions by Foreign Investment Promotion Board (FIPB).

There has been an Improvement in the FDI from USD 36.4 billion in 2014 to USD 53.4 billion in 2016 allowing 100% FDI in 15 sectors like defence, trading, aviation etc. Domestic Private Equity (PE) investment rises to USD 3.4 Billion in 2016 as compared to less than USD 0.5 Billion in 2014. This has been the highest investment after USD 3.3 Billion in 2007.