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    <title>FDI Limit in Various Sectors</title>
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    <description>FDI is generally permitted up to full ownership on the automatic route across most sectors subject to laws and sectoral conditionalities; specified activities are prohibited. The Budget proposes selective increases in sectoral caps via the government route (FIPB) for defence and insurance, relaxes size and capitalisation requirements for smart city projects with a post-completion lock-in, provides exemptions for projects committing a portion to low-cost housing subject to lock-in, and allows manufacturing units to sell through retail and e-commerce without further approvals.</description>
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