The period from October 2014-September 2016 has recorded a 60 percent increase in FDI equity inflows
GN Bureau | December 23, 2016
India received the maximum FDI inflows from Singapore in fiscal 2015-16 followed by Mauritius, USA, Netherlands and Japan, according to a report on Foreign Direct Investment in India jointly prepared by PHD Chamber of Commerce and Industry and KPMG.
The report highlights the recent liberalization in FDI policies & regulations, and advocates for continued efforts by government to sustain the current momentum. The two year period [October 2014 - September 2016] has recorded a 60 percent increase in FDI equity inflows, a notable achievement.
Emphasizing on sector specific FDI inflows, the report suggests that on an average between 2000 and 2016 approximately 40 percent of FDI inflows has gone into services, telecom, construction and computer software and hardware with pharmaceuticals, chemicals and automobile sectors each receiving close to 5 percent of the country’s total FDI inflows.
A press release citing the PHD Chamber internal analysis indicates that FDIs are related to ease of doing business in India and therefore, in its federal structure, an effective project monitoring group need to be activated in all states and UTs to encourage the bureaucracy to adopt a progressive approach towards investment proposals.
It is also highlighted in the report that Maharashtra, Delhi, Haryana, Karnataka, Tamil Nadu, Gujarat and Andhra Pradesh together attracted more that 70 percent of total FDI inflows to India in the last 15 years.
Maharashtra received FDI amounting to $9.5 billion during April 2015 – March 2016 against $6.36 billion in between April 2014 – March 2015. During April 2000 and September 2016, the state received cumulative FDI totaling US$92.84 billion, constituting 30 percent of the country’s FDI.
According to the report, Delhi received FDI inflows to the tune of $12,743 million during April 2015 – March 2016 against $6,875 million in April 2014 – March 2015. From April 2000 to September 2016, the state received FDI totaling $65,652 million, constituting 21 percent of the country’s FDI and the second highest among states.
The union government enforced a nationwide lockdown on March 25, 2020 to curb the spread of coronavirus as it was causing large-scale infection and disease. Challenges of pandemic management and levels of distress were revealed during this time. The fear of Covid spread like wildfire and a
Maharashtra chief minister Uddhav Thackeray has launched three state-of-the-art human DNA units under the Nirbhaya Scheme for efficiency in criminal investigations. A wildlife DNA unit in Nagpur makes Maharashtra the country’s first state to have a forensic testing lab for animals.
The Midway Battle: Modi’s Roller-coaster Second Term By Gautam Chintamani Bloomsbury / 400 pages / Rs 699 Gautam Chintamani, a film historian and author, has penned an in-depth chronicle of prime minister Narendra Modi’s second
Maharashtra chief minister Uddhav Thackeray has instructed the Mumbai civic authorities to take immediate action on unauthorized constructions on war footing. In a virtual meeting held on Wednesday, Thackeray said no illegal construction will be tolerated in Mumbai and called upon the BMC to
After extending timings of shops and restaurants as well as the reopening of cinema halls and theatres under specified SOPs from October 22, in view of the festive cheer, the Maharashtra government has allowed restaurants and eateries to remain open till 12AM and shops and establishments to function till 1
Rubbishing the recently released Global Hunger Index 2021, wherein India has slipped to 101 position to be placed below Pakistan, Nepal and Bangladesh, Arvind Panagariya, professor of economics at Columbia University and former vice chairman, NITI Aayog, has said that data collection and methodologies used