The rise of discretion

Recent decisions in the wake of Covid-19 have hurt India's FDI policy

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A K Bhattacharya

5 min read Last Updated : Apr 26 2020 | 8:54 PM IST

About 10 days ago, the Union government took two important economic policy decisions in the wake of the Covid-19 outbreak. A closer look at both the decisions showed that their common target was foreign investment in India. One decision could have a long-term bearing on India’s foreign investment space, while the other would have a temporary implication, but its impact on foreign investors in certain sectors would be no less significant.

The first decision was an amendment to an order of April 15 that, among other things, allowed e-commerce companies to resume supplies of non-essential goods from April 20 as part

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Coronavirus FDI Lockdown foreign investment e-commerce rules e-commerce policy e-commerce industry CAIT foreign direct investments FDI policy

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