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Reply: The extant FDI policy is in line with the obligations arising out of the GATS read along with the flexibilities provided in the GATS itself.

The EU's original question 25: Could India clarify how its GATS commitments are honoured for citizens of WTO Members, including those with double nationality where one nationality is that of a neighbour to which the restrictions apply and for juridical persons incorporated in these countries, but owned by other WTO Members' persons?

India's reply: The policy on FDI has been steadily liberalised and is reviewed from time to time, with a view to increasing its investor-friendliness. In keeping with this thrust towards an increasingly open policy environment, country-specific restrictions on investment, which had earlier found a place under the policy on FDI, have also been gradually reduced over time.