BUSINESS
Experts argue that the ease of doing business states to boost inflows
CARE Ratings in its report has said that the foreign direct investment (FDI) equity inflows in India have grown at their lowest level in the past two years despite various measures undertaken by the government. It was $43.478 billion in FY17 and $44.857 billion in FY18.
''FDI equity inflow has been lowest due to developments in global markets such as an increase in the US interest rates, growth in the advanced economies and lack of pick up in domestic investments which has led to disinterest among the foreign investors to invest in India,'' Rucha Ranadive, associate economist at CARE told DNA Money. However, CARE has estimated FDI inflows in equity to be stable at around $45 to $50 billion in FY19, she added.
Although Maharashtra maintained its topmost position, the FDI inflows to the state have declined by minus 32% to $13.4 billion in FY18 compared with $19.7 billion in FY17. On similar lines, the inflows to Andhra Pradesh declined by 43% while that of Gujarat has fallen by 38% in FY18.
However, Karnataka witnessed a substantial increase in inflow to $8.6 billion in FY18 from $2.1 billion in FY17, a growth by more than 300%.
CARE, however, argued that in order to achieve higher economic growth, increased foreign investment is imperative. The revival in the domestic investment along with further improvement in the ease of doing business will boost the foreign investment, it said. The services sector will continue to attract higher FDI inflows led by investments in the sunrise industries especially e-commerce.
FICCI's Maharashtra state executive member Dinesh Joshi said that the government has done a lot for the economy. However, these initiatives need to be communicated clearly to the right stakeholders. ''It should not sound political but rather should reinforce the faith of the end investors to make sure that India is the right investment destination. The fact that India has inched ahead of France shows the commitment of the government towards development and job creation,'' he noted.
Indian Merchants Chamber president Raj Nair observed that FDI can double in the four years if the government addresses the issues relating to ease of winding up of sick business, challenges in getting construction permits and registration of property and delays encountered in enforcing contracts. ''The fact that government has released the state wise rankings with details of scores on more than 100 factors will encourage action. Competition between states to improve will result in higher FDI inflows though not in the penultimate year before the generation election. Long-term investors don't like uncertainty,'' he viewed.
IND vs AUS, 1st Test Dream11 prediction: Fantasy cricket tips for India vs Australia match
This country has most expensive passport in world, not US, UK, UAE, it costs Rs...
Amid rising air pollution, Delhi-NCR's crematorium records cleanest air; check AQI here
Revolutionising Medical Imaging: Venudhar Rao Hajari’s impact on healthcare technology
Abhishek Gupta and Onevision Media: Scaling brands on social media
Video shows Korean girl eating jalebi for first time, her reaction to Indian sweet goes viral
Cristiano Ronaldo confirms THIS YouTube star as his next guest, says, 'Will break Internet'
Delhi Assembly Elections: AAP releases first list of 11 candidates for 2025 polls
Adani Group's FIRST REACTION after US indicts Gautam Adani in alleged bribery case
Instagram introduces new feature, know how to reset app's algorithm, change your feed
Oppo Find X8 and X8 Pro launched in India, check specifications, price, other details
Charges against Gautam Adani: BJP's scathing attack on Congress, questions timing of development
Jasprit Bumrah's BIG statement on taking up Perth test captaincy, says, 'tactically better...'
Blackout on breaks: Company imposes no-sick-leave policy until 2025
Drug-laden terrorists on India's western, northern frontiers
Mohammad Shami trolls Sanjay Manjrekar over IPL auction bid prediction, says, 'Baba ki...'
IND vs AUS Test: When and where to watch 1st match of Border-Gavaskar trophy, know details here
CAQM amends Grap Stages III, IV, enforces stricter measures in Delhi-NCR amid air pollution woes
Malayalam actor Meghanathan passes away at 60 after suffering from...
Adani Green Energy's FIRST reaction after US indicts Gautam Adani in alleged bribery case
'Keep me out of...': Pakistani Instagram star Mathira on MMS leak controversy
Delhi Air Pollution: AQI marginally improves from 'severe' to 'very poor' category
'I love him, he loves me! Why hurt...': Rekha's bold confession about Amitabh Bachchan goes viral
Meet man, IITian who built Rs 5493 crore firm, has this Mukesh Ambani connection, he is from...
Shillong Teer Results TODAY November 21, 2024 Live Updates: Check winning numbers here
‘I didn’t have time to…’: When AR Rahman revealed having ‘agreement’ before marriage to Saira Banu
Viral video: Woman's sizzling belly dance to 'Namak' impresses internet, watch
Hardik Pandya banned, Mumbai Indians captain to miss first match of IPL 2025 due to...
Meet man who studied at IIM, IIT, then built Rs 1160000000 company, got inspired by…
Meet woman, who quit as dentist for UPSC exam, became IAS officer with AIR...
Viral video: Little girl steals hearts with her adorable dance to 'o meri cutie', watch
Gautam Adani's company signs another pact to acquire 100% stake in...
CBSE Date Sheet 2025 announced: Class 10, 12 board exams to begin from...
Apollena: Aditi Sharma on how space-based drama encourage young girls, says 'no matter how many...'
Is Mia Khalifa dating ex-Man City star Julian Alvarez? Former adult star says 'It certainly...'
IPL 2025 auction RTM rule: How this year’s right-to-match card is different from previous seasons
'Virat Kohli is trying to...': Shoaib Akhtar makes BIG statement on Champions Trophy 2025
Maharashtra Election 2024: Mukesh Ambani and family cast their votes in Mumbai
Centre revises performance-linked incentive scheme for THESE employees; check details
Manipur violence: Prohibitory orders to be relaxed in Imphal Valley for 7 hours
Jharkhand Exit Poll Results 2024: 36-41 seats predicted for BJP, JMM to secure…
Elon Musk faces big threat after million of users switch from X to Jack Dorsey's Bluesky
ICC Rankings: Hardik Pandya reclaims No. 1 T20I all-rounder spot, Tilak Varma enters top 10
DNA Verified: Is retirement age for central govt employees increasing to 62? Know truth here
Android 16 preview unveiled by Google: Who can access it? Here's all you need to know
Anti-pollution diet: Foods that can help fight air pollution naturally
Tech millionaire Bryan Johnson's face 'blows up' after anti-aging experiment; here’s how
Expanding Horizons: GOCL Corporation’s Strategic Diversification in Electronics and Metal Cladding
TrezarBit App Review 2024: Legit Trading Platform? Quick Facts!