India Service Sector FDI Dips
World Economy

India Service Sector FDI Dips

India’s services sector witnessed around 14% decline in FDI at $636 million in the first quarter of the current fiscal, NewsNow reported. The services sector—which includes banking, insurance, outsourcing, R&D, courier and technology testing—had received a foreign direct investment worth $738 million during April-June 2014, Department of Industrial Policy and Promotion data showed. The services sector contributes about 60% to the India’s economic growth. In FY 2013-14, foreign investment in the sector increased to $3.25 billion from $2.22 billion in the preceding fiscal. The FDI in the sector may pick up in the coming months as the government has relaxed norms in insurance and other areas, an official said.


Short URL : https://goo.gl/36Ql7N
  1. https://goo.gl/4R6Kt9
  • https://goo.gl/3gNaeI
  • https://goo.gl/tdyhj4
  • https://goo.gl/VbV2W0
  • https://goo.gl/NpUCie

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...
Lebanon Economy Struggling
Lebanon’s economy has been in a precarious position in recent...