Based on a census that it undertook, a report by India's central bank, the Reserve Bank of India, said, "Mauritius was the largest source of foreign direct investment (FDI) in India (21.8 percent share at market value) followed by the U.S.A., the U.K., Singapore and Japan, while Singapore (19.7 percent)...
Foreign Investment into India at All-Time High
According to India's Department of Industrial Policy and Promotion, cumulative foreign direct investment (FDI) into India reached $498.9 billion in the 17 years from April 2000 to June 2017. During the last two financial years, FDI flows into India totaled $114.4 billion says a new KPMG report; this is an incredible forty...
India's Growth Rate Will Improve to 7.4 percent in Fiscal 2018
The Asian Development Bank said that India's growth rate will improve to 7.4 percent during 2017-18 and go up further to 7.6 per cent in the next fiscal year In the Asian Development Outlook, the bank's flagship economic publication, reasons given for this forecast are: "The impact of the demonetization...
Asia Competitive Institute Ranks India's States for Ease of Business
In a study done by the Asia Competitive Institute which is part of the Lee Kuan Yew School of Public Policy, the Indian states of Maharashtra, Gujarat, Delhi NCR, Goa and Andhra Pradesh are rated as the top five of 21 sub-regional economies in ease of doing business in India....
India Increases FDI to 100% in Defense
Foreign defense firms can now set up fully owned subsidiaries in India following the Indian government’s decision to increase Foreign Direct Investment in the defense sector to 100 percent from 49 percent, reports Defense World. Foreign investment beyond 49 per cent has now been permitted through a government approval route...
Prime Minister Modi in Washington, To Meet Obama, CEOs
India's Prime Minister Narendra Modi arrives in Washington today, June 6, for his seventh meeting with Barack Obama in just 24 months. He begins his visit by laying a wreath at Arlington National Cemetery. On Tuesday, Modi will speak at the U.S. India Business Council's Leadership Summit, participate in a...