FDI in India Rises 30%
FDI in India Rises 30%

FDI in India Rises 30%

FDI in India Rises 30%

Foreign direct investment into India grew by over 30% to $21.62 billion during the first half of 2016-17, PTI reported. During April-September of 2015-16, India received FDI worth $16.63 billion, an official said. “Ease of doing business and relaxation in the FDI policy are helping attract more and more FDI. The recent easing in sectors like civil aviation and construction will help in attracting more overseas funds,” the official added. The sectors that receive maximum inflows include computer hardware and software, trading business, automobile industry and chemicals. India receives maximum FDI from countries, including Mauritius, Singapore, the Netherlands and Japan. In 2015-16, FDI went up 29% to $40 billion as against $30.93 billion in the previous financial year. Foreign investment is considered crucial for India, which needs around $1 trillion to overhaul its infrastructure such as ports, airports and highways to put growth on a higher trajectory. Growth in foreign investments helps improve the country’s balance of payments  situation and strengthen the rupee.


Short URL : https://goo.gl/Rq7vyB
  1. https://goo.gl/St9WB0
  • https://goo.gl/8fsCYj
  • https://goo.gl/JxjxgF
  • https://goo.gl/x10HXr
  • https://goo.gl/gHtePK

You can also read ...

Qatar Capable of Overcoming Siege Challenges
Qatar affirmed its ability to overcome the challenges of the...
Apple Inc won guarantees from the Trump administration that its lucrative iPhones would ship from China  without being subject to tariffs.
Big companies in the United States from Amazon.com Inc to...
Japan Inflation Inches Higher
Japan’s inflation picked up slightly in June, largely because...
Today, income inequality in the US is greatest among Asians. Asians displaced blacks as the most economically divided racial or ethnic group in the US.
The rich are getting richer and the poor are getting poorer in...
Argentina Making Fiscal Progress
Argentina is “unequivocally” making progress on its goals to...
State-Actors Likely Behind Singapore Cyberattack
State-actors were likely behind Singapore’s biggest ever...
S&P Affirms Russia’s Stable Outlook
Standard & Poor’s said in a statement on Friday that it...
Growing Inflation Looms Large Over India’s Economy
From rising crude oil prices to a poor start to rice-planting...

Add new comment

Read our comment policy before posting your viewpoints