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31 January
2017
The
Economic Survey 2016-17 tabled in Parliament on Tuesday by Union Finance
Minister Arun Jaitley showed that foreign equity inflows during the first six
months of 2016-17 fiscal grew by 30.72 per cent. The Total Investment & Insurance Solutions
"During
April-September 2016-17, FDI (foreign direct investment) equity inflows were
$21.7 billion as compared to total FDI inflows of $16.6 billion during
April-September 2015-16, showing 30.7 per cent surge," the survey pointed
out.
"Sectors
like services sector, construction development, computer software and hardware
and telecommunications have attracted highest FDI equity inflows."
However,
the survey showed that the upward momentum of the Indian markets peaked around
September 2016 and lost steam thereafter, particularly in the wake of foreign
capital outflow from emerging markets. The
Total Investment & Insurance Solutions
Besides,
the survey highlighted that net foreign portfolio investments (FPI) turned
negative for the first time since the meltdown of 2008, implying that there was
an outflow from the Indian markets to the tune of Rs 23,079 crore. The Total Investment & Insurance Solutions
According
to the survey,the central government has liberalised and simplified the FDI
policy in sectors like defence, railway infrastructure, construction and
pharmaceuticals sectors.
"Many
new initiatives have been taken up by the government to facilitate investment
and ease of doing business in the country," the survey said. The Total Investment & Insurance Solutions
"Noteworthy
among them are initiatives such as Make-in-India, Invest India, Start Up India
and e-biz Mission Mode Project under the National e-Governance Plan."
The
survey listed other measures to facilitate 'Ease of Doing Business', including
online application for industrial licence and industrial entrepreneur
memorandum through the eBiz website 24x7 for entrepreneurs. The Total Investment & Insurance Solutions
"Simplification
of application forms for industrial licence and industrial entrepreneur
memorandum; limiting documents required for export and import to three by
Directorate General of Foreign Trade," the survey elaborated. The Total Investment & Insurance Solutions
"Setting
up of investor facilitation cell under Invest India to guide, assist and
handhold investors during the entire life-cycle of the business."The Total Investment & Insurance Solutions
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