In the defence sector in India, the foreign direct investment limit under the automatic route has been increased to what percent?

Correct option is C

In the defense sector in India, the Foreign Direct Investment (FDI) limit under the automatic route has been increased to 74%. This decision was part of the government’s efforts to attract more foreign investment into the defense sector, enhance local manufacturing, and reduce dependency on imports.
Important Key Points:
1. The FDI limit in the defense sector under the automatic route is 74%.
2. This policy aims to boost domestic manufacturing in the defense industry.
3. The increase in FDI limit is expected to bring in advanced technology and expertise.
4. This move is part of the government's 'Make in India' initiative to promote indigenous production.
Information Booster:
· FDI in Defense: Critical for enhancing India’s defense capabilities and reducing dependency on foreign suppliers.
· Make in India: An initiative to encourage companies to manufacture their products in India and incentivize dedicated investments into manufacturing.