The new system, which was operationalised in April, has faced pushback from tour operators, while the opposition in Sri Lanka has alleged corruption worth $1 billion.
Under current regulations, Indian firms are not allowed to list directly on overseas exchanges. They can only list on foreign exchanges via instruments such as depository receipts.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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