<h1>Executive Director Discusses FEMA's Role in Boosting India's Economy Through FDI and Simplified Regulations.</h1> An executive director addressed the prospects and challenges of the Foreign Exchange Management Act (FEMA) at a seminar organized by a professional institute. The speech highlighted India's historical ties with the Gulf region and the significant contributions of Indian migrants to the economy through remittances. The regulatory framework for external transactions has evolved, with a focus on capital account management to support economic growth. The speaker emphasized the importance of foreign direct investment (FDI), the cautious approach to capital account openness, and the need for a simplified regulatory regime. Additionally, the address acknowledged the role of non-resident Indians in supporting India's economy and invited suggestions to improve FEMA administration.