FPI-to-FDI Reclassification: A Game-Changer in India’s Investment Landscape
Introduction The recent introduction of the FPI-to-FDI reclassification framework by the Reserve Bank of India (RBI), in partnership with the Government of India and the Securities and Exchange Board of India (SEBI), marks a significant milestone in India’s investment policy. This framework provides a streamlined process for reclassifying Foreign Portfolio Investment (FPI) as Foreign Direct…