Tag Archives: India FDI

India Budget Cuts Designed to Spur Foreign Investment

Feb. 5 – India’s Finance Minister, Mr. P. Chidambaram, has announced sweeping budget cuts across numerous sectors to preserve the country’s credit rating and to encourage foreign investment. In further demonstration that the Indian government is now getting serious about introducing more business-friendly policies, Chidambaram has cut spending budgets in welfare, defense and road projects to avoid a fiscal deficit figure by March, and to bring the economy under more prudent management. The cuts will reduce public spending by some US$22 billion during 2013, equivalent to about 1 percent of GDP. A fall off in foreign direct investment over the … Continue reading

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India Cuts Interest Rates to Support Investment

Jan. 31 – In a move that hopes to kick-start India’s flagging economy, the Reserve Bank of India (RBI) has lowered the nation’s interest rates from 8 percent to 7.75 percent. This marked the first time since April of last year that rates have been reduced, and only the second time in the past four years. “It is critical now to arrest the loss of growth momentum, without endangering external stability,” the RBI said in a statement.

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Report: India Most Preferred Investment Destination after China and U.S.

Jul. 9 – According to the 2012 World Investment Report released by the United Nation’s Conference on Trade and Development (UNCTAD), of 179 major global companies surveyed, India is considered to be the third most-preferred investment destination after China and the United States. Foreign direct investment flows into India, after slowing down for two years in a row, grew by approximately 30 percent in 2011 to nearly US$32 billion. Furthermore, FDI flows could increase by more than 20 percent both this year and the next.

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Indian Supreme Court’s Telecom Verdict Damages National Interests

Decision goes beyond court’s purpose, punishes wrong people, hurts international image, and will raise prices for Indian consumers Op/Ed Commentary: Chris Devonshire-Ellis Feb. 6 – One day they’ll make a film about this case – corrupt bidding, jailed ministers, a vindictive judge and a cast of 80 million telecom subscribers. India’s Supreme Court on Thursday axed all 122 2G telecom licenses and forced a new bidding process on a government-approved tender that saw both domestic and international telecom investors spend billions on rolling out 2G telecom networks on a national scale serving some 60 million users. Those networks are now … Continue reading

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India and China’s Retail Industries Compared

As big-name retailers like Best Buy and Home Depot exited China last year, India has just liberalized its single brand retail to permit 100 percent foreign investment. A comparison of India and China’s retail markets reveals some lessons for retailers in both markets. The key points? Second and third-tier cities. Continue reading

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India FDI Investment Good to Go for MNCs at Davos Forum

A report issued by Ernst & Young at the World Economic Forum in Davos says that foreign direct investment in India is set to swell in the coming years as investors look beyond perennial issues such as a lack of transparency, poor infrastructure and government policy paralysis in their search for growth. Continue reading

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Call Your Broker – India Allows Individual Foreign Investors in Stock Markets

Starting from yesterday, India has allowed foreign individual investors to purchase stocks directly in Indian companies for the first time; previously, access to Indian stocks was only permitted through institutional investors. The move widens the ability of foreign investors to take advantage of India’s booming growth and is something the financial services lobby in India has been pushing for years. Continue reading

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