While remaining focused on initiatives to improve ease of doing business and interventions such as demonetisation, the government has lagged behind in building physical and social infrastructure.
Nearly 50% of the $44 billion that came in as foreign direct investment inflows in 2016 went towards brownfield projects.
Asian countries must take steps to rationalise tax competition and build cooperation on tax matters, both at the regional and the global level.
India aims to double the value of exports to $900 billion by 2019. Given sluggish global demand and our own export slump, there is no way that this objective can be achieved.
The widening of the year-on-year deficit was primarily due to a larger increase in merchandise imports relative to exports, the RBI said in its release.
The ‘Make in India’ campaign, launched under Nirmala Sitharaman’s watch, has so far failed to ignite any significant domestic production. While it is a complex process, her potential for success or failure will be in seeing this through.
Data reveals that a substantial portion of India’s FDI inflows comes from foreign investors claiming bigger stakes in Indian start-ups and brownfield ventures across various sectors. What does this mean for job creation?
Foreign firms are the growth engine for Vietnam’s high-technology exports, which reached 27% as a percentage of its total manufactured exports in 2014.
The negative growth in overall investment in April-June also knocks the bottom out of the government’s oft repeated claims that India is attracting unprecedented FDI flows because of new policy measures.
The ‘ease of doing business’ is being promoted at the cost of socio-economic factors including employment generation and agricultural livelihoods.
As usual, there was a grain of truth along with the exaggeration and sleight-of-hand that we have come to expect from the prime minister.
In the new government rules, Amazon and Flipkart will be impacted negatively while Snapdeal and other ‘pure’ marketplaces will come out on top.
Though China is India’s largest trading partner with bilateral trade having grown from less that $3 billion in 2000 to $70 billion in 2014, there is hardly any investment coming from China, the second largest economy of the world