Foreign retail investors can invest in Indian corporate bonds as well as debt schemes for up to USD 1 billion, in addition to the existing $20 billion limit, the head of capital markets division in the finance ministry said.
Thomas Mathew also said he expects it would take about 6 to 18 months for the new capital flows into Indian debt to pick up.
READ MORE ON Foreign retail investors, Indian corporate bonds, debt schemes, capital markets, finance ministry, Thomas Mathew
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