New Delhi, Aug. 20 -- The Indian Council for Research on International Economic Relations (ICRIER) has suggested mandating prior Government approval for FDI from countries sharing land borders with India and establishing guardrails like restricting FDI in sensitive sectors while encouraging inflows in non-strategic areas with strong safeguards.
The ICRIER, in a study 'Calibrating India's Economic Engagement Strategy with China Amidst the Changing Geo-Political Landscape' said a central inter-agency committee can streamline approvals and manage security risks.
Additionally, reviving Memoranda of Understanding (MoUs), as between 2013-2019, that strengthen structured and institutionalised mechanisms are vital to create more predictable...