A modern textbook that costs around Rs 1,000 in India is now cheaper than a copy of an ancient one.

The price of a copy from the Middle Ages has dropped to Rs 5,000, as the government has mandated textbook makers to use cheaper copies.

However, the textbooks in India are being made by Indian companies in a bid to attract foreign investment.

The Indian government has said it wants to have 50 per cent foreign direct investment in textbooks by 2019.

It is the second time the government of India has taken a step towards foreign direct investments in the textbook industry.

In June, the government announced a plan to make more than 5,500 Indian textbooks available on the internet by 2020.