Europe fared worse, with flows down by two-thirds to a negative $4 billion. In the UK, foreign direct investment fell to zero, and declines were also recorded in other major countries.
Sitharaman, who is only the second woman defence minister in India's history, is expected to work closely with the Finance Minister to take key industry-related decisions
Modi govt's thrust on manufacturing is much-needed but it is pushing Indian manufacturing in the direction of outsourcing, same as our services industry.