Right now, the rules are complex, and listing abroad means jumping through hoops. But under the proposed Foreign Exchange Management (Non-Debt Instruments) Rules, 2026, the RBI wants to cut red tape, align with SEBI norms, and give companies clearer pathways to global markets. Even unlisted companies can now list overseas; if they price shares via book-building and follow Indian corporate rules. Plus, NRIs and OCIs can finally tap into the National Pension System, with full repatriation rights. This isn’t just regulatory paperwork; it’s a signal that India is serious about making global capital more accessible. Public comments are open till August 31. The final version? It might quietly reshape how Indian firms grow beyond borders.