Monday, October 9, 2017

What is India’s stance on FDIs and FIIs?

India is now taking a positive and progressive stance towards FDIs and FIIs with encouraging talks on about FDI cap increase in News Media and the ongoing debate on multiple brand retailing.

Recent talks with USA has seen India inviting the US to ‘make, innovate and invest’ in India – signaling considerable inflow of FDI in the coming months. FIIs are witnessing a surge because of the over upward trend of the economy, the markets and the recent RBI rate cut. With the economies of US and other developed and
developing countries still in the ‘recovery’ stage – worldwide investors have turned India’s way!

Trivia

 FDI was introduced in India way back in 1991 by the then Finance Minister Dr. Manmohan Singh.
 USA has the maximum incoming FDI followed by UK and other counties likeHong Kong, China etc.(not necessarily in the same order)
 Singapore has made maximum FDI in India as per F.Y. 2014’s stats. The previous 1st place was held by Mauritius!
 Service Sector has always received maximum FDI in India.

 Focus now shifting to Manufacturing sector – with the Make in India vision.

NITI AAYOG

History is all set to change with all over for planning commission and new institution know as NITI Aayog set to take his role.

The main aim of forming Niti Aayog is pro people development by following up bottom up approach and with active participation of all stakeholders. It has been set up as a think-tank for formulating a new policy framework in keeping with the changes and challenges of rapidly evolving socio-economic scenario in the country.


The thought behind its establishment to work as enabler or catalyst for development not as provider for development. Aayog will provide strategic and technical advice on issues of “national and international importance” to the Centre and states.

NITI Aayog known as National institution for transforming India came intoexistence on 1-January-2015 with good bye to six decades old planning commission. Planning Commission was established in 1950s to respond to development needs of Indiaafter independence .It made resources available to state government to meet their development needs and come up with five years plans for development . It was set up by the resolution of GOI on 1950.

No comments:

Post a Comment

ad code