Early warning for reform

Govt must reform quicker to tackle global adversities

The Department for Promotion of Industry and Internal Trade has released its latest figures for foreign direct investment (FDI) in India over the period between April and September 2022. These show a sharp downturn in FDI flows. Over the period, they stood at $26.9 billion as compared to 31.2 billion in the equivalent six months of the previous year. This year-on-year decline of 14 per cent or so represents a sequential decline from the previous period of even greater magnitude. Trade growth so far this year has not been particularly encouraging. Foreign portfolio investment into India has also seen a