Indian Polity & Governance·Amendments
Economic Contributions — Amendments
Constitution VerifiedUPSC Verified
Version 1Updated 5 Mar 2026
| Amendment | Year | Description | Impact |
|---|---|---|---|
| FEMA Amendment 2015 | 2015 | Liberalized foreign direct investment norms for overseas Indians, allowing 100% FDI in most sectors through automatic route and providing OCIs with investment rights equivalent to NRIs | Significantly increased diaspora FDI flows and simplified investment procedures, contributing to India becoming one of the top FDI destinations globally |
| Citizenship Amendment 2005 | 2005 | Introduced the Overseas Citizen of India (OCI) scheme, providing quasi-citizenship status with economic rights including property ownership, business establishment, and investment opportunities | Enhanced diaspora economic engagement by providing legal framework for long-term economic participation and reducing regulatory barriers for diaspora investments |