India FDI  Up 40%
World Economy

India FDI Up 40%

Indian Prime Minister Narendra Modi told a London audience that FDI into India has increased by 40% since last year, which shows the increasing global confidence in the country, PTI reported. “When I talk of FDI, one important aspect is Foreign Direct Investment, but for me it’s another most important aspect is First Develop India and we want to move ahead balancing both these things,” Modi said while addressing the Indian diaspora at the Wembley Stadium. He also mentioned rupee bonds being issued by the Indian Railways at the London Stock Exchange. ‘’We have opened the doors for FDI. For the first time, Indian Railways has brought rupee bond to London Stock Exchange,” he said. Modi also talked about railways and electricity in India. “India has to get rid of its problems but India also has to make it modern India, complete India. “Now, we want speedy railways. We want railways with good convenience,” he added.


Short URL : http://goo.gl/Pt77vY
  1. http://goo.gl/E5tw5M
  • http://goo.gl/DESIqH
  • http://goo.gl/TMGFF9
  • http://goo.gl/ajJ5RL
  • http://goo.gl/9MtFFc

You can also read ...

While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...