Shringla also said India's trade figures are promising and that the total foreign direct investment the country received in the current financial year stood at $81.72 billion, the highest ever.
Foreign direct investments into the country more than doubled to USD 20.42 billion during the April-July period of the current fiscal, the commerce and industry ministry said on Wednesday. Total Foreign Direct Investment (FDI) inflow rose to USD 27.37 billion during the first four months of 2021-22. In the year-ago period, the same was at USD 16.92 billion. Total FDI comprises equity inflows, reinvested earnings and other capital. "FDI equity inflows grew by 112 per cent in the first four months of 2021-22 (USD 20.42 billion) compared to the year ago period (USD 9.61 billion)," the ministry said in a release. Automobile industry has emerged as the top sector during the period under review, accounting for 23 per cent share of the total FDI equity inflows followed by computer software & hardware (18 per cent) and services sector (10 per cent), respectively. Karnataka is the top recipient state with 45 per cent share of the total FDI equity inflows followed by Maharashtra (23 per ...
Says country can aim to attract greater FDI into seven capital-intensive sectors that have contributed $181 billion of merchandise exports in FY21
"The above decision will take effect from the date of FEMA notification," an official statement said
India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha
Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital. FDI equity inflow grew 60 per cent on year to $ 4.44 billion in April.
India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report
Foreign direct investment in computer software and hardware jumped over threefold to $26.14 billion during 2020-21 on account of significant growth in the country's technology space
This comes on account of measures taken by the government on the fronts of policy reforms, investment facilitation and ease of doing business: Govt
China was one of the few major economies to eke out growth
The Upper House witnessed four adjournments in the afternoon sitting
The government had earlier allowed 100 per cent foreign direct investment in insurance intermediaries
What do the Budget proposals, as well as the proposed LIC IPO and privatisation of one general insurance company mean for the sector? Nikita Vashisht explains
The Insurance Act presently says a company has to be 'Indian-owned and controlled'
Foreign direct investment into India increased by 37 per cent during April-November 2020 period
He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals
Issue deferred as ministries fail to reach consensus over threshold
Respondents cite country's market potential, skilled workforce and political stability as three key factors, along with cheap labour, policy reforms and availability of raw materialsIndia has emerged
A majority of the 100 applications pending since April are for non-sensitive sectors
There has been decline in foreign direct inflow from China in the last three years with FDI coming down to $163.77 million in 2019-20, Anurag Singh Thakur informed Lok Sabha