FDI Inflows Dip By 25 Percent In January (10-Mar-2010)
India''s Foreign Direct Investment (FDI) inflows reduced by 25 % to $2.04 bn in January 2010 as compared to the corresponding period of the previous year, breaking a trend of positive growth in the previous 3 consecutive months.
An official said there is no specific reason why the inflows in January inched down. India''s total FDI by the end of the current financial year, will not be more than last financial year''s.
However, last year in January 2009, FDI inflows were $2.73 bn. India attracted FDI of $2.33 bn in October 2009, about 56 % jump over the same period last year, while in November FDI surged by 60 % to $1.73 bn.
The FDI increased by 13 % to $1.54 bn in December from $1.36 bn in the year-ago period.
In previous financial year, India received FDI of $27.3 bn, higher than $24.5 bn in 2007-08.
During April-January 2009-10, the FDI reduced by about 4 % to $22.96 bn from $23.86 bn in the corresponding period of the previous year.
The major sectors that received FDI include - services, computer software and hardware, telecommunications and housing and real estate.
Meanwhile, the government earlier this year had said that will form a working group in order to suggest ways to promote foreign investments other than foreign direct investment (FDI) into India.
This is since the economy requires huge funds to sustain its high growth rate.
However, the working group, to be represented by the government, regulators, and private sector, will review the existing policy on foreign institutional investors (FIIs), including through participatory notes, non resident Indians, foreign venture capital investors and private equity entities.
The group will identify challenges in meeting the financing needs of the economy through foreign investment, study arrangements relating to the use of participatory notes.
Top News Today
 Maruti Suzuki, the country's largest auto-maker is likely to set up its stockyard facility in Nagpur, to reduce the transit time and increase delivery of vehicles. The company is producing 8,000 units
 Bharti Airtel, a leading global telecommunications company with operations in 19 countries across Asia and Africa, launched new name tunes service called 'Your Name Your Tune'. With the help of this service,
 Bajaj Auto, country's second largest two wheeler maker has unveiled its all new motorcycle -- Pulsar 200NS -- in Mumbai. Price of 2012 Pulsar will be revealed during its launch in April 2012 and it is
|
International Stock News
 The US markets made a mix closing on Thursday, as a drop in jobless claims fueled optimism about the economy and investors looked to the next day's employment report as the next indicator of the economic
 The US markets made a mixed closing on Tuesday, with the indices mostly slipping after US economic data failed to live up to expectation. The reports showed that American consumer confidence trailed estimates
 The US markets closed lower on Monday, as leaders in Europe gather to discuss the debt crisis for the seventeenth time in two years and tensions remained high with Portugal’s soaring borrowing costs. On
|
|
|