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of <h1>India Eases FDI Rules: 100% in Pharma, Tourism, Airports; 26% in Defense, 74% in Telecom; Banking at 49% Cap.</h1> The Government of India has revised its Foreign Direct Investment (FDI) guidelines to further liberalize the regime. Key changes include permitting up to 100% FDI in drug manufacturing under certain conditions, airports, integrated townships, and the hotel and tourism sector, with some requiring prior government approval. The defense sector allows up to 26% FDI with licensing, while telecom services permit up to 74% FDI. Non-Resident Indian investments in foreign exchange are fully repatriable, while those in Indian rupees are non-repatriable. Banking sector FDI is capped at 49% on the automatic route, subject to Reserve Bank of India guidelines.
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