Takshashila Discussion Document - Foreign Direct Investment in India’s Defence Sector – Go beyond 51%

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Executive Summary

Recent media reports suggest that a note circulated within the Commerce Ministry and sent on to the Cabinet Secretariat for discussion proposes to raise the cap for Foreign Direct Investment [FDI] in defence sector from 26 percent to 100 percent.

This paper recommends that the Government of India raise the cap in FDI in defence sector beyond 51 percent. The cap can be raised by an executive order of the government, and does not require an amendment by Parliament.

Author

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Sushant K Singh
Sushant K Singh

Sushant K Singh was a Fellow for Defence Policy at Takshashila. He is currently a Senior Fellow at Centre for Policy Research (CPR). He was a lecturer in political science at Yale University (Fall 2019, 2021) and the Deputy Editor of The Indian Express, reporting on strategic affairs, national security and international affairs. He won the prestigious Ramnath Goenka Prize for Excellence in Journalism for 2017 and 2018. Prior to becoming a journalist, he served in the Indian Army for two decades.

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