India changes FDI policy to block takeover threats

In a decision that has huge geopolitical and economic significance, the government has amended the foreign direct investment (FDI) policy to put a blanket ban on investments through the automatic route by entities from countries that share a border with India. The move is seen as an attempt to ward off the threat of "opportunistic" Chinese takeover of Indian companies, whose valuations have been hit due to the coronavirus pandemic.

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