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Sunday, 13 August 2017

India One of the Most Open Economies Globally for FDI


According to the Economic Survey, India has now emerged as one of the most open economies in the world for receiving foreign direct investments (FDI), on the back of a host of liberalisation measures. It pointed out that measures taken by the government have resulted in FDI equity inflow of $43.4 billion in 2016-17, which is not only an increase of 8% over the previous year but also the highest ever. 

Mauritius, Singapore and Japan have been top three source countries of FDI inflows to India contributing 36.2%, 20% and 10.8%, respectively, during 2016-17, according to the survey.

Important Takeaways from Above News-
  • FDI policy reforms are meant to provide ease of doing business and accelerate the pace of foreign investment in the country.
  • Arun Jaitley is current Union Finance Minister of India.
Source- Business Standard



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