At the current rate, the reserves may provide cover for eight months of imports in FY23. Four months could be considered a danger mark
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday. In 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion. "This FDI has come from 101 countries, and invested across 31 union territories and states and 57 sectors in the country. On the back of economic reforms and Ease of Doing Business in recent years, India is on track to attract USD 100 billion FDI in the current FY (financial year," the commerce and industry ministry said in a statement. It said that to attract foreign investments, the government has put in place a liberal and transparent policy wherein most sectors are open to FDI under the automatic route. The reform measures include liberalization of guidelines and regulations, in order to reduce unnecessary compliance burden, bring down cost and enhance the ease of doing business in India, it added. FDI
Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India', the flagship scheme of the government to facilitate investment and foster innovation, completed eight years
Amid economic crisis in Pakistan, Net Foreign Direct Investment (FDI) in the country fell 26.1 pc during the first two months of the ongoing fiscal year (FY23), clocking in at just USD 169.5 million
Since the launch of the iPhone 14, Apple has been scaling up its production capacity in India, shifting from China
India retained its status as an attractive destination among a set of developed and developing economies, as the 5th largest recipient of FDI in the April-June quarter, said Ministry of Finance.
China accounted for 10.2 per cent of FDI investments in Bangladesh between 2014 and 2021, India's share was 3.9 per cent
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
Foreign Direct Investment (FDI) equity inflows into India contracted by 6 per cent to USD 16.59 billion during the April-June quarter this fiscal, according to the data of the Department for Promotion of Industry and Internal Trade (DPIIT). The inflows had stood at USD 17.56 billion during the corresponding period of the previous year. The total FDI inflows (which includes equity inflows, re-invested earnings and other capital) aggregated at USD 22.34 billion during the first three months of the current fiscal year as against USD 22.52 billion in the year-ago period. Singapore emerged as the top investor during April-June period with USD 5.7 billion FDI. It was followed by Mauritius (USD 2.4 billion), UAE (USD 2.2 billion), USA (USD 1.5 billion), Netherland (USD one billion), and Japan (USD 851 million), the data showed. The computer software and hardware sector attracted the highest inflows of USD 3.5 billion during the three-month period of this fiscal. It was followed by servic
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The manufacturing sector attracted foreign direct investments worth USD 21.34 billion in 2021-22, an increase of 76 per cent year-on-year, the commerce ministry said on Thursday
India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday.
Indian firms need to engage with global peers in their production reconfiguration
Karnataka attracted the most FDI in this space, followed by Telangana and Haryana. Flows into Karnataka were up more than 250% YoY
During Abe's tenure, Japan had announced support for a number of major projects
Out of 382 FDI proposals the central government received from Chinese firms, India approved 80 till June 29
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Bankers bullish on local acquisitions by India Inc in rest of FY23
A bipartisan group of American state governors and top officials have vouched for strong bilateral ties with India and pitched for investment from the Indian corporate sector