What are the major reforms initiated by the Indian government to attract foreign direct investment FDI

<p>Explain the foreign economic relations. Which countries contribute most in it.</p>
The Indian government has implemented several major reforms to attract foreign direct investment (FDI) and enhance foreign economic relations. Some of these reforms include: 1. Liberalization of FDI policy: The government has eased restrictions on FDI in various sectors, allowing higher levels of investment and reducing bureaucratic hurdles. 2. Make in India campaign: This initiative aims to promote India as a manufacturing hub and attract investment in manufacturing sectors, offering incentives, infrastructure development, and ease of doing business. 3. FDI in retail: The government has permitted FDI in single-brand and multi-brand retail, allowing foreign retailers to establish a presence in India. 4. Infrastructure development: The government is investing heavily in infrastructure development projects, such as transportation, logistics, and smart cities, to facilitate foreign investment. 5. Tax reforms: The introduction of the Goods and Services Tax (GST) has streamlined the tax structure, making it more investor-friendly and reducing tax-related complexities. In terms of countries contributing most to FDI in India, some of the major contributors include: 1. Singapore 2. Mauritius 3. Netherlands 4. Japan 5. United States 6. United Kingdom These countries have been consistently investing in various sectors of the Indian economy, contributing significantly to foreign economic relations.
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