FDI inflow increases by 18% to $46 billion in 2016: DIPP
According to data released by the Department of Industrial Policy and Promotion (DIPP), India attracted $46 billion foreign direct investment (FDI) in 2016. It shows that, India’s FDI grew by 18% in 2016 as compared to $39.32 billion FDI inflows in 2015. Key Facts The main sectors which attracted the highest FDI inflows included services, telecom, trading, computer hardware and software and automobile. Bulk of the FDI came in from Singapore followed by Mauritius, Netherlands and Japan. Background Foreign investments are considered crucial for India as it needs around 1 trillion dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth. Strong inflow of foreign investments mainly helps to improve the country’s balance of payments (BoP) situation and also strengthen the rupee value against other global currencies, especially dominant US dollar. To attract inflow of foreign investments, the central government has announced several measures including liberalisation of FDI policy and improvement in business climate. In the Budget 2017-18, Finance Minister further announced relaxation of foreign investment norms and also abolished Foreign Investment Promotion Board (FIPB).
According to data released by the Department of Industrial Policy and Promotion (DIPP), India attracted $46 billion foreign direct investment (FDI) in 2016. It shows that, India’s FDI grew by 18% in 2016 as compared to $39.32 billion FDI inflows in 2015. Key Facts The main sectors which attracted the highest FDI inflows included services, telecom, trading, computer hardware and software and automobile. Bulk of the FDI came in from Singapore followed by Mauritius, Netherlands and Japan. Background Foreign investments are considered crucial for India as it needs around 1 trillion dollars for overhauling its infrastructure sector such as ports, airports and highways to boost growth. Strong inflow of foreign investments mainly helps to improve the country’s balance of payments (BoP) situation and also strengthen the rupee value against other global currencies, especially dominant US dollar. To attract inflow of foreign investments, the central government has announced several measures including liberalisation of FDI policy and improvement in business climate. In the Budget 2017-18, Finance Minister further announced relaxation of foreign investment norms and also abolished Foreign Investment Promotion Board (FIPB).
FDI inflow increases by 18% to $46 billion in 2016: DIPP
Read more at: http://currentaffairs.gktoday.in/month/current-affairs-february-2017/page/5
Read more at: http://currentaffairs.gktoday.in/month/current-affairs-february-2017/page/5
According to data
released by the Department of Industrial Policy and Promotion (DIPP),
India attracted $46 billion foreign direct investment (FDI) in 2016.
It shows that, India’s FDI grew by 18% in 2016 as compared to $39.32
billion FDI inflows in 2015.
Key Facts
The main sectors which attracted the highest FDI inflows included
services, telecom, trading, computer hardware and software and
automobile.
Bulk of the FDI came in from Singapore followed by Mauritius,
Netherlands and Japan.
Background
Foreign investments are considered crucial for India as it needs
around 1 trillion dollars for overhauling its infrastructure sector such
as ports, airports and highways to boost growth.
Strong inflow of foreign investments mainly helps to improve the
country’s balance of payments (BoP) situation and also strengthen the
rupee value against other global currencies, especially dominant US
dollar.
To attract inflow of foreign investments, the central government has
announced several measures including liberalisation of FDI policy and
improvement in business climate.
In the Budget 2017-18, Finance Minister further announced relaxation
of foreign investment norms and also abolished Foreign Investment
Promotion Board (FIPB).
Read more at: http://currentaffairs.gktoday.in/month/current-affairs-february-2017/page/5
Read more at: http://currentaffairs.gktoday.in/month/current-affairs-february-2017/page/5
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