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of <h1>India Boosts FDI with 49% Cap in Defense and Insurance, Eases Conditions for Smart Cities and E-commerce Retail.</h1> In recent years, India has received numerous foreign direct investment (FDI) proposals, with approvals and rejections varying annually. As of mid-2014, 91 proposals are pending with the Foreign Investment Promotion Board. The Indian government is actively promoting FDI in sectors beneficial to the economy, such as defense and insurance, where the investment cap is being raised to 49%. Efforts to attract FDI include easing conditions for smart city projects and allowing manufacturing units to retail products through e-commerce. The government supports investment promotion through initiatives like Invest India and partnerships with industry associations.
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