New Delhi, June 5 -- The Reserve Bank of India (RBI) and government measures to attract foreign capital from a specified category of persons resident outside India will succeed materially if complemented by measures to increase the ease of doing business, said market experts and securities lawyers.

The central bank hiked investment limits for non-resident Indians (NRIs) and overseas citizen of India (OCI) in equity instruments traded on the stock market, without Securities and Exchange Board of India (Sebi) registration, and extended the same facility to individual persons resident outside India (PROI).

While the individual limit for NRIs/OCIs or person of Indian origin is being doubled to 10% and the aggregate limit is being increased ...