Question

In which year policy of the Government towards Foreign Capital took U-turn ?​

Answer 1

Answer:

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Explanation:

In 1991, India faced deficits of the balance of payments which paved the way to the liberalisation of FDI policy. Being considered as one of the top attractive destinations for foreign investors, the government has allowed FDI in various sectors of India which includes retail sector.

Answer 2

1990s policy of the government toward foreign capital took U- turn