The report stressed that global FDI flows will be under severe pressure this year as a result of the Covid-19 pandemic, dropping well below the trough reached during the global financial crisis and undoing the already lacklustre growth in international investment over the past decade. … [Read more...] about At $51 billion India 9th largest FDI recipient in 2019
How fdi effects indian economy
The blueprint for such a recovery, to a ‘10+’ growth rate, had already been prepared before the general election, and the steps to be taken were documented by a committee of the Bharatiya Janata Party. Nitin Gadkari, now Union Minister for Road Transport, Highways and Shipping, had been entrusted with task. On his suggestion, I had collaborated with a number of committed intellectuals to produce a ‘Vision Document 2020’, a road map for Mr. Modi to implement as soon as he became the Prime Minister. These steps have still to be taken. … [Read more...] about Kick-starting an economic revival
New Delhi: With the heavy cloud of coronavirus looming large on the globe’s head, world economies have come face-to face with the possibility of a true decoupling of many connections.Even though the pre-existing fault lines like US-China tensions or the nationalism in Europe may be blamed at first, but the impending doom of global recession is now more than ever. It has indeed blocked the key arteries of integrated growth, as every country will focus on building and creating value for themselves first. “They will first try to build up from where they would be in a few months’ time and later think in terms of how to integrate themselves again with other countries,” said Ashwani Gupta, Global COO, Nissan Motor Corp at a recently conducted Townhall by ETAuto. Industry experts believe that companies will have a high-risk of seizure in globalisation, due to losing revenues in tariff wars along with trade protectionism, which will result in regionalisation being seen … [Read more...] about ETAuto Exclusive: Is Globalisation reversing to Regionalisation?
India on Wednesday banned 118 mostly Chinese mobile apps, including Tencent Holdings’s popular video game PUBG, citing data security and privacy concerns. These apps collected and shared data in a “surreptitious manner and compromise personal data and information of users that can have a severe threat to the security of the state”, the Indian side said. … [Read more...] about Amid impasse on LAC in Ladakh, India says only way forward through talks
domestic equity market witnessed many gap-up openings, indicating exuberance in market sentiment. The smallcap and midcap indices led the market optimism, making the rally more broadbased, which was aided by huge FPI inflows.For August, FPI equity inflows have reached their highest levels of nearly $6 billion, which happens to be the highest monthly number in history. However, it would be pertinent to note that all inflows are not through secondary markets, and a major part have come in through FPOs and QIPs.On the contrary, DIIs have remained bearish and have continuously pressed the ‘sell’ button in August. In the midst of the optimism on Dalal Street, corporates are on a fund-raising spree, which is causing a lot of liquidity to be sucked out of the system.The intention of the US Fed’s policy to keep interest rates at rock-bottom and keep the system flushed with liquidity for an extended period of time even if the inflationary pressure kicks in is a bullish signal … [Read more...] about Bank stocks charge up bulls, but Nifty oversold, upside is capped