fdi in india slumps 78 in june
Last Updated : GMT 12:34:34
Arab Today, arab today
Arab Today, arab today

FDI in India slumps 78% in June

Arab Today, arab today

Arab Today, arab today FDI in India slumps 78% in June

New Delhi - AFP

Foreign direct investment in India slid by 78 percent in June, official figures showed on Friday, amid mounting worries about corruption, bureaucratic delays and lack of economic reforms. Foreign direct investment (FDI) in June tumbled to $1.24 billion from $5.66 billion in the same month a year earlier, figures posted on India\'s Department of Industrial Policy and Promotion website showed. For the financial first quarter to June, FDI tumbled year-on-year by 67 percent to $4.43 billion, according to the department, with big drops in construction, real estate, mining, and business and financial services. Overseas investors have increasingly been giving a wide berth to the country of 1.2 billion people, until recently seen as a hot destination for foreign money. They have been deterred by a string of graft scandals, suffocating red tape, high inflation, sharply slowing growth and the government\'s inability to further open up the economy in the face of fierce political opposition. The central bank said India could help reverse the investment decline by shortening investment approval times and sorting out land acquisition issues. On Thursday, central bank governor Duvvuri Subbarao cited the example of Singapore, an investment hub, to stress the importance of doing away with cumbersome rules that deter business. \"There is a need to make doing business easy by adopting models like the one in Singapore where multiple agencies/ministries sit together to quickly give a decision clearing investment projects,\" he said in the bank\'s annual report. However, the same day, the government postponed deciding on proposed changes to a long-awaited land acquisition legislation intended to ease the land acquisition process for industrial projects. Experts say foreign investment is vital for India, which needs to fund a $1 trillion scheme over the next five years to overhaul its dilapidated ports, airports, highways and other infrastructure seen as key to boosting growth. Among a host of stalled high-profile projects are South Korean steelmaker POSCO\'s plans to build a $12-billion mill. The scheme has hung in limbo since 2005, running into trouble over land rights and environmental clearances. The government set out an ambitious plan to revive stalled economic reforms in current legislative session. But it has been jeopardised by a new deadlock in parliament over allegations the treasury lost out on billions of dollars in revenue when the government gifted away coal mining rights.

arabstoday
arabstoday

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance

GMT 02:48 2017 Saturday ,11 November

European stock markets fall further
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fdi in india slumps 78 in june fdi in india slumps 78 in june

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

fdi in india slumps 78 in june fdi in india slumps 78 in june

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday