India are attracting a wide range of Foreign Investments

Editorial Team20/06/20191min
Reports show that Mauritius was reigning at No1 for a couple of years with foreign investments topping $15.7bn in 2016-17 and $15.9bn in 2017-18, but Singapore regained top spot as India’s largest source of Foreign Direct Investment in the 2018-2019 financial year, with $16.2bn of foreign investment originating from the Lion City.

The finance ministry has mooted some suggestions to relax norms related to investments by foreign funds in India’s stressed assets and one of the suggestions is to allow foreign funds to acquire stressed loads from banks –  says a Senior Federal Official.

According to the UN Conference on Trade and Development (UNCTAD), Foreign Direct Investment (FDI) in India grew to $42bn last in 2018.

The UNCTAD World Investment Report 2019 mentions that “Investment was strong in manufacturing, communication and financial services”.

There are various reasons for this, but according to James Zhan, UNCTAD’s Director of Investment and Enterprise, the main reason was that the offices were making efforts to attract a wide range of investments and have been effective at doing so.

“Investments in India have been at a very high level, over $40bn annually”.

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