Of 122 projects approved between 2018 & 2023 with proposed investment of Rs 4.29 lakh crore, only 38 implemented. Delays in clearances, corruption & land issues continue to pose challenges.
Government data shows MNCs have favourite states when it comes to where to invest. Auto companies especially look for specific advantages that some states have & concentrate on those.
Speaking at an event in Delhi, US Ambassador to India Eric Garcetti adds 'FDI isn't flowing into India at pace it should' & New Delhi must not view its self-reliance as 'fortress'.
As percentage of GDP, gross & net FDI are lowest since mid-2000s. ‘Rigidities’ in doing business here, and India’s decision to terminate bilateral treaties are to blame, analysts say.
With China's neighbours offering global firms incentives to pull out of the 'factory of the world', India must swiftly integrate with East Asia to emerge as a legitimate alternative.
In terms of top investor countries, Singapore is at the top with 29 per cent share. It was followed by the US with 23 per cent and Mauritius with 9 per cent during the last fiscal.
Govt is looking at ‘speeding up’ small proposals — particularly in manufacturing sector — while big-ticket investment plans, including those in sensitive sectors, remain on hold.
FDI cap for digital news media is 26%. I&B ministry notice comes days after it brought such sites & platforms like Netflix & Hotstar under its jurisdiction.
Speaking at the US-India Business Council’s virtual India Ideas Summit, PM Modi also said India offers a perfect combination of openness, opportunities and options.
CSE, one of India’s oldest bourses, is edging towards a voluntary exit. It could never recover from market manipulation scam that caused a payment crisis at exchange back in 2001.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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