India Eases Foreign Investment Rules to Woo Overseas Businesses

The transcript discusses recent changes in India's foreign direct investment (FDI) rules, particularly in coal and contract manufacturing, allowing 100% FDI. This move is expected to benefit companies like BHP and Apple, with eased local sourcing rules and online retailing permissions. The changes aim to improve India's business environment amidst a slowing economy and global trade shifts. The Modi government seeks to attract foreign investment by leveraging India's low costs and large labor force, despite existing business restrictions.

What factors are influencing the Indian government's decision to relax FDI restrictions?

In what ways is India trying to attract investment amidst ongoing trade wars?