Economics · Economic Reforms and Policies
Which of the following was a direct consequence of the Foreign Exchange Regulation Act (FERA) of 1973 on India’s industrial sector?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Increased foreign investment in manufacturing
- 2Promotion of agricultural exports
- 3Encouragement of export-oriented industries
- 4Restrictions on foreign ownership in Indian companies✓
Correct answer
Restrictions on foreign ownership in Indian companies
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