Outline the FDI policy pursued by India over different time periods

India's Foreign Direct Investment (FDI) policy has undergone significant changes over time, reflecting the country's evolving economic goals, global integration efforts, and regulatory reforms. The FDI policy framework in India can be broadly categorized into different time periods, each marked by distinct regulatory changes and strategic shifts:

### Pre-1991: Restricted FDI Regime

Initial Years Post-Independence: India adopted a restrictive FDI policy, emphasizing self-reliance and protectionism. Foreign investment was discouraged, and sectors like defense, telecommunications, and banking were largely closed to FDI.

1960s-1980s: Limited liberalization efforts ____ _______ ___ ___ __________ _________ _________.
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