The reforms include loosening restrictions on foreign institutional investors' (FPIs') ability to invest in the debt market and raising the automated route's external commercial borrowing (ECB) cap from USD 750 million or its equivalent to USD 1.5 billion.
Two locations from India, namely the Indian city of Ahmedabad and the Southern state of Kerala, have been featured in TIME magazine's list of the world's greatest places of 2022.
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