Page 10 - Latest Updates on FDI
India's FDI equity inflow at five-year low of $44 billion in FY24
High interest rates in advanced economies, limited absorptive capacity locally likely reasons
 "India's FDI equity inflow at five-year low of $44 billion in FY24")
India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%
FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report
Multinationals post 45.2% growth in net profit in FY23, shows RBI data
Post-pandemic improvement in margins boosts bottom line
Best of BS Opinion: Family and factory economics, Fiscal bonanza & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Family and factory economics, Fiscal bonanza & more")
Foreign pressure
Higher repatriation by investors must be studied
Net FDI declines by 62% to $10.5 billion in FY24, shows RBI data
At $10.58 billion, this is lowest net FDI into the country since 2007; Gross FDI stable at $71 billion
Best of BS Opinion: Rising repatriation, Themeless election & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS Opinion: Rising repatriation, Themeless election & more")
Rising repatriation
As worrying as the recent decline in gross foreign direct investment is the increasing pace of disinvestment
 "Rising repatriation")
FDI easing in space sector to lure foreign players, boost high-tech jobs
The government has eased FDI norms in the sector by allowing 100 per cent overseas investment in making components for satellites, as part of efforts to attract overseas players and private companies
 "FDI easing in space sector to lure foreign players, boost high-tech jobs")
India trustworthy partner for Nepal's development, says Piyush Goyal
Goyal also reiterated that Nepal and India not only share a border but also a deep-rooted friendship and a vision for a prosperous future.
 "India trustworthy partner for Nepal's development, says Piyush Goyal")
CII-IGBC expects surge in private capex, FDI after Lok Sabha polls
It says top priority for new govt should be to strike balance between economic growth and environmental sustainability
 "CII-IGBC expects surge in private capex, FDI after Lok Sabha polls")
Outward remittances hit new high at $29 billion in April 2023-February 2024
In February 2024, the outward remittances stood at $2.01 billion, which was 23% lower than $2.62 billion in January 2024
 "Outward remittances hit new high at $29 billion in April 2023-February 2024")
Nearly 46 FDI proposals pending: DPIIT writes to 17 govt departments
Of these 46 proposals, 27 have also received comments from the Ministry of Home Affairs regarding security clearance
 "Nearly 46 FDI proposals pending: DPIIT writes to 17 govt departments")
India's outward FDI rises to $3.91 billion in March, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
 "India's outward FDI rises to $3.91 billion in March, shows RBI data")
Election season may hit govt capital expenditure spending, FDI inflows
In case of FDI, the total FDI inflows was over $50 billion in FY20 and its share during the election months of April-May 2019 turned out to be 18.1 per cent
 "Election season may hit govt capital expenditure spending, FDI inflows")
In foreign direct investment, China's loss is not India's gain: OECD data
It's other countries that are mopping up what would have gone to China
 "In foreign direct investment, China's loss is not India's gain: OECD data")
New electric vehicle scheme links lower import duty with FDI
EVs attract a BCD of 100 per cent for those priced above $40,000 per unit and 70 per cent BCD for those priced at $40,000 or less
 "New electric vehicle scheme links lower import duty with FDI")
Insurance sector received Rs 54,000 crore FDI in 9 years, says DFS Secy
The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview
 "Insurance sector received Rs 54,000 crore FDI in 9 years, says DFS Secy")
India's outward FDI rises to $3.47 billion in February, shows RBI data
Outbound FDI, expressed as a financial commitment, comprises three components: equity, loans, and guarantees
 "India's outward FDI rises to $3.47 billion in February, shows RBI data")
16 years, 21 rounds of talks: India-EFTA free trade agreement a reality
For promised FDI, India's nominal GDP must grow 9.5% in $ terms over 15 yrs
 "16 years, 21 rounds of talks: India-EFTA free trade agreement a reality")