India's relaxed Press Note 3 rules came into effect on May 1, 2026, allowing foreign entities with non-controlling Chinese or Hong Kong ownership below 10% to invest through the automatic route in permitted sectors — the first material loosening of a six-year-old investment wall built after the 2020 Galwan clash. May 1, 2026 10% 2% $1.45 Bn Effective date of revised FDI rules Maximum non-controlling Chinese/HK stake allowed via automatic route Pre-2020 share of India's total