India saw a surge in net capital inflows of 27.3 Billion USD in nine months of 2006-2007 from 13.4 Billion USD in the same period a year ago. Some of the main features of the policy.
1.Listed Indian companies limit for portfolio investment abroad in listed overseas companies enchanced to 35% of net worth.
2.Overseas investment limit for Indian companies enhanced to 300% of their networth.
3.400 Million USD ceiling to prepay ECB’s without seeking prior permission from RBI.
4.Individuals are permitted to invest upto 100,000 USD/year in overseas instruments. Which could be equities, mutual funds, private equity funds, hedge funds, and real estate.
More information can be had from RBI’s website.
http://www.rbi.org.in
