India considers easing foreign investment caps and procedures

New Delhi

INDIA is planning to allow more foreign investment by relaxing limits in various industries in the year starting April 1, 2017, to help regain its lost position as the world's fastest-growing major economy.

The government will make it easier for foreign companies to seek approval and could ask ministries to clear investment proposals, Economic Affairs Secretary Shaktikanta Das said in an interview in New Delhi on Friday.