The sectors in India that are not allowed for private firms
In India, there are certain sectors where private firms are not allowed to operate, and these sectors are reserved for government entities or are subject to certain restrictions.
Some of these sectors are:
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1.Atomic energy
2.Space exploration and satellite communication
3.Defence equipment manufacturing
4.Railways operations
5.Banking (for more than 74% FDI)
6.Broadcasting and print media (for more than 26% FDI)
7.Insurance (for more than 49% FDI)
8.Retail trading of multi-brand products (except for e-commerce)
9.Mining and processing of strategic minerals
10.Air transport services
It is important to note that the Indian government may change these regulations from time to time based on the economic and political conditions of the country. Therefore, it is advisable to seek professional advice before entering into any business sector in India.
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