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IMPACT OF RE-VITALISED ECONOMY

June 29, 2015

​Shivaji Sarkar/ The Pioneer

A recent UN report has placed India right on top of the list of countries that have attracted the maximum foreign direct investment in South Asia in 2014. Government initiatives such as the Make in India have the potential to harness the positive sentiment

Even as global foreign direct investment fell by 16 per cent in 2014 to $1.23 trillion, India leads regional FDI inflows to South Asia that rose to $41 billion. The FDI inflows to India surged by 22 per cent to about $34 billion. Developing economies attracted $681 billion worth of FDI. India improved its position to the ninth top host country for FDI in 2014, over its rank of 15th in 2013, the UN Conference on Trade and Development’s World Investment Report 2015 says.

India was also the investor in outward FDI with $9.8 billion, marking an increase of 486 per cent over 2013. However, it does not figure in the first top 20 countries for FDI outflows. The WIR came out with the positive note about India and nine other developing countries including Brazil, China, Hong Kong and Singapore.

The report is hopeful that FDI inflows to India are likely to maintain an upward trend in the current year as economic recovery gains ground. The observation is in sync with the latest assertions of Union Minister for Finance Arun Jaitley during his recent visit to the US. The WIR says that in terms of the sectoral composition of FDI inflows, manufacturing is likely to gain strength, as policy efforts to revitalise the industrial sector are sustained to provide boost to the Make in India initiative........................[Read More]
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