Mention any three steps which have been taken by the government of India to attract foreign investment in recent years? -SST 10th

Mention any three steps which have been taken by the government of India to attract foreign investment in recent years? -SST 10th
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1 Answer

Answer :

Investment made by MNCs is known as foreign investment. In order to attract foreign investment following steps are taken by the Indian government : (i) Restrictions on trade and investment, have been removed to a large extent. (ii) India has allowed the Indian producers to compete with the producers of the world. (iii) Allowing privatisation of many public sector industries by the government.
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