India cannot remain a preferred destination for global capital if it retains approval structures that have not kept pace with the rising scale of investment. Under the current FDI norms, investment proposals involving foreign equity inflows above `5,000 crore must go before the CCEA, while those below the threshold can be cleared by the ministry concerned. When multiple countries, including the developed ones, vie for global capital, speed and ease of doing business matter. India has made considerable progress in dismantling unnecessary controls over foreign investment. The proposed change, which is speculated to be under consideration, preserves the essential safeguards of India’s FDI regime.