The BBC article’s headline, “Indian billionaires buy foreign companies as growth slows at home”, is quite revealing of the underlying agenda of portraying even lucrative Indian mergers and acquisitions as more of an outcome of domestic failures than strong balance sheets.
The policy promises long term certainty for foreign investors and data centre expansion, but Indian cloud founders warn it may deepen reseller dependence unless parallel incentives are created to support domestic platforms and technology ownership.
Highlighting tax relief, labour code consolidation, expanded MSME norms, trade agreements and nuclear and maritime reforms, the Prime Minister said governance has shifted towards trust, technology driven administration and sustained, inclusive growth across sectors.
The significant gross FDI inflow is a sign of investor confidence, which is coupled with the fact that India's foreign reserves stand at a whopping $686.1 billion (enough to cover more than 11 months of import).
"Now, in line with the vision and strategy under the Indian Space Policy 2023, the Union Cabinet has eased the FDI policy on the Space sector by prescribing liberalized FDI thresholds for various sub-sectors/activities," the government announced.