India FDI  Rises
World Economy

India FDI Rises

With the government taking steps to improve ease of doing business and attract foreign investment, foreign direct investment inflows into the services sector grew by 85.5% to $4.25 billion in April-December period, PTI reported. The sector, which includes banking, insurance, outsourcing, R&D, courier and technology testing, had received FDI worth $2.29 billion during April-December 2014, according to the department of industrial policy and promotion. The services sector contributes over 60% to Indian GDP. FDI in the sector accounts for 17% of the country’s total foreign investment inflows. In step with growth in FDI in important sectors like services, overall foreign inflows in the country rose by 37% to $39.32 billion during the first nine months of 2015-16. The amount was $28.78 billion in the year-ago period. An official said with the government further liberalizing foreign investment policies for the services sector in the budget, more inflows would come.  Finance Minister Arun Jaitley has proposed significant liberalization of FDI norms in a host of sectors including insurance, pension, asset reconstruction companies (ARCs) and stock exchanges.


Short URL : http://goo.gl/64fvHl
  1. http://goo.gl/m0hPCI
  • http://goo.gl/hdaNU7
  • http://goo.gl/8VZUzC
  • http://goo.gl/JhNnHP
  • http://goo.gl/AIk60m

You can also read ...

More and more Thai merchants are integrating WeChat Pay and Alipay’s systems to cater to tourists.
The internet has changed the way most people live. Through...
Cambodia’s economic outlook remains positive, but is subject to downside risks.
The IMF Managing Director Christine Lagarde expressed optimism...
Qatar Calls to Investigate UAE Bank’s Bogus Deals
Qatar has asked US regulators to investigate the US subsidiary...
More India Bank Frauds Revealed
Over 25,800 fraud cases involving about Rs179 crore ($1.79...
Free trade achieves more good for the planet.
US President Donald Trump’s steel tariffs have brought the...
Morocco Currency Reform on Right Track
Few weeks after the launch of the gradual dirham float, the...
EU Readies Tax on US Technological Titans
The European Union will next week unveil plans for a digital...
Apparel imports from ASEAN are growing, spurred by low labor costs  in such countries as Vietnam.
Import prices for apparel and daily goods in Japan plunged...