The FDI problem

Indian economy appears to be less attractive to foreign investors

The Indian economy appears to be losing attractiveness to foreign investors. This is the most reasonable conclusion from figures released recently by the Department for Promotion of Industry and Internal Trade (DPITT). The figures show that, between April and December of 2018, foreign direct investment (FDI) in India fell to $33.5 billion, as compared to nearly $36 billion over the equivalent quarters of 2017. These figures have been released with a long and mysterious delay, in spite of the fact that the Reserve Bank of India (RBI) has regularly been passing along the required data to the DPIIT. It is