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7) Recently the government decided that investments by non-resident Indians (NRIs), overseas citizens of India (OCIs) and persons of Indian origin (PIOs) would be treated as domestic investment instead of treating them as FDI. Examine why this decision was taken and its likely impact on the Indian economy.

TopicIndian economy – resource mobilization, growth and development

7) Recently the government decided that investments by non-resident Indians (NRIs), overseas citizens of India (OCIs) and persons of Indian origin (PIOs) would be treated as domestic investment instead of treating them as FDI. Examine why this decision was taken and its likely impact on the Indian economy. (200 Words)

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