Net foreign direct investment (FDI) into India hit a fresh high of $43.366 billion in the year ended March 2021 as it crossed the previous year's high of $43.013 billion. India's central bank, the Reserve Bank of India said that while the direct investment to India in FY21 stood at...
India to Ease Rules for Foreign Direct Investment
The Government of India has already eased rules for FDI or Foreign Direct Investment considerably, and only a handful of sectors exist where government approval is required for an investment over 49%. The Department for Promotion of Industry and Internal Trade (DPIIT) has begun to identify such sectors for which...
India to Ease FDI Rules for Local Sourcing in Single Brand Retail
whilePresenting her maiden budget early this month, India's Finance Minister Nirmala Sitharaman announced that FDI inflows into India have remained robust despite global headwinds. " While Global FDI f slid by 13 percent in 2018 to $1.3 trillion, India’s inflows remained strong at $64.37 billion and grew 6 percent over...
India Receives $540 Billion in FDI for FY18
Foreign direct investment (FDI) during the previous fiscal grew 18 percent to over $540 billion, data from India's central bank, the Reserve Bank of India , evidenced. FDI increased by over $60 billion including revaluation of past investments, during 2017-18 to reach $540 billion in March 2018 at market value, according...
India Announces Changes to FDI Policy for E-Commerce
India's Ministry of Commerce and Industry released new changes to the FDI policy for the e-commerce sector which aim to cut predatory pricing and deep discounting by large e-commerce retailers to ensure a "level-playing field" for smaller and multi-channel players, as well as the brick and mortar retailers. The guidelines...
IMF: India's Economy Leads in Growth
In its annual assessment of the Indian economy, the International Monetary Fund said, "India’s economy is picking up and growth prospects look bright. As one of the world’s fastest-growing economies—accounting for about 15 percent of global growth—India’s economy has helped to lift millions out of poverty. "The authorities have initiated...