Budget 2024: Easier norms for FDI, overseas investments proposed

Finance Minister Nirmala Sitharaman proposed easing norms for FDI and overseas investments, addressing a 3.49% decline in FDI to $44.42 billion in FY24 from countries like Mauritius and Singapore. The UNCTAD report shows India slipping to 15th in the World Investment Ranking. Measures include further liberalising FDI and allowing 100% FDI in the space sector.