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Today the world is witnessing that India means business and this is the achievement of not only the government but also the youth and graduates from institutions like ISB, he said.
India has recorded the "highest ever" annual FDI (foreign direct investment) inflow of USD 83.57 billion in 2021-22, the commerce and industry ministry said on Friday.
The two leaders are expected to have discussed how to ensure cessation of hostilities in Ukraine and mitigate the global economic consequences of this conflict
Shringla also said India's trade figures are promising and that the total foreign direct investment the country received in the current financial year stood at $81.72 billion, the highest ever.
Total FDI comprises equity inflows, reinvested earnings and other capital.
Says country can aim to attract greater FDI into seven capital-intensive sectors that have contributed $181 billion of merchandise exports in FY21
"The above decision will take effect from the date of FEMA notification," an official statement said
India's strong fundamentals and market size will continue to attract market-seeking greenfield investments, Finance Minister Nirmala Sitharaman said in a written reply to Lok Sabha
Total FDI includes equity capital of unincorporated bodies, reinvest earnings and other capital. FDI equity inflow grew 60 per cent on year to $ 4.44 billion in April.
India received $64 billion in Foreign Direct Investment in 2020, the fifth largest recipient of inflows in the world, according to a UN report
Foreign direct investment in computer software and hardware jumped over threefold to $26.14 billion during 2020-21 on account of significant growth in the country's technology space
This comes on account of measures taken by the government on the fronts of policy reforms, investment facilitation and ease of doing business: Govt
China was one of the few major economies to eke out growth
The Upper House witnessed four adjournments in the afternoon sitting
The government had earlier allowed 100 per cent foreign direct investment in insurance intermediaries
What do the Budget proposals, as well as the proposed LIC IPO and privatisation of one general insurance company mean for the sector? Nikita Vashisht explains
The Insurance Act presently says a company has to be 'Indian-owned and controlled'
Foreign direct investment into India increased by 37 per cent during April-November 2020 period
He says, failure to attract investment in the same order as our geological siblings has kept India as a big net importer of minerals
Issue deferred as ministries fail to reach consensus over threshold