Foreign Investment – Bada Business

India Attracts More Than $72 Billion FDI In The First 10 Months of FY21

Despite the worldwide outbreak of COVID-19 pandemic and subsequent lockdown, India managed to attract over $70 Billion worth of foreign direct investment between April 2020 and January 2021. During this period, an inflow of $72.12 Billion was rerecorded in terms of FDI, around 15 per cent higher from the amount received during the corresponding time in previous financial year. The country received a sum of $62.72 Billion between April 2019 to January 2020. 3 Top Investment Schemes in India to put your money at!

The Foreign Direct Investment’s equity inflow also increased during the same duration as compared to the corresponding period in financial year 2019-2020. “The trends show that the FDI equity inflow grew by 28 per cent in the first ten months of F.Y. 2020-21 ($54.18 Billion) compared to the year ago period ($42.34 Billion),” said the Ministry of Commerce and Industry. “These trends in India’s Foreign Direct Investment are an endorsement of its status as a preferred investment destination amongst global investors,” it added.

Out of the total FDI inflow, Singapore accounts to over 30 per cent.”In terms of top investor countries, ‘Singapore’ is at the apex with 30.28 per cent of the total FDI equity inflow followed by USA (24.28 per cent) and UAE (7.31 per cent) for the first ten months of the current financial year 2020-21,” said the Ministry of Commerce and Industry. Japan is also one of the leading FDI investors in India.Yes Bank Targets Startup Sector, Ties Up With GVFL To Support the Growth of Indian Startup Ecosystem.

As per the data, the consultancy service sector attracted the maximum foreign direct investment of around 21.80 per cent of the total. In the second spot Computer Software and Hardware services received 15.96 per cent, followed by service sector with 13.64 per cent. “The Computer Software & Hardware has emerged as the top sector during the first ten months of F.Y. 2020-21 with 45.81 per cent of the total FDI equity inflow followed by ‘Construction (Infrastructure) Activities’ (13.37 per cent) and ‘Services Sector’ (7.80 per cent) respectively,” it said.

MSME Sector in India: Nitin Gadkari Says Government Plans to Increase MSME Exports & Jobs in the Next 5 Years

New Delhi, August 17: Union Minister Nitin Gadkari on Sunday said that the Micro, Small & Medium Enterprises (MSME) sector plays a major role in the development of the country. He further spoke about how the government plans to increase MSMEs exports to 60 percent from 48 percent in the next 5 years. This will also be adding 5 crore jobs in the next 5 years.

“Our MSME sector has a huge contribution to the development of our country. Currently, 30 per cent income of GDP growth rate comes from MSME. 48 per cent of our exports are from MSME and till date, we have created 11 crore jobs,” Gadkari said while speaking at SWAVALAMBAN E-Summit 2020 organised by ‘Lets Endorse Development’ NGO.

Unregistered enterprises need to register, says Gadkari:

In order to get the benefit of the MSMEs, unregistered enterprises need to register themselves under the Micro industry. He urged NGOs to urge small traders and encourage them to also register.

Plan to Increase Exports, Bring Foreign Investment & Upgrade Technology:

The MSME Minister said that the government will work for the empowerment of people from villages and make them self-reliant. Gadkari added that the plan would be to increase efforts, bring foreign investment, and upgrade technology and make India super economic power.