The government’s contemplation to raise the foreign direct investment (FDI) limit in public sector banks (PSBs) from 20 per cent to 49 per cent is a significant policy pivot that could reshape India’s banking landscape.
A case was registered against Flipkart-backed e-commerce platform Myntra by the Enforcement Directorate on Wednesday for FDI "contravention" of over Rs 1,654 crore.
Union Commerce and Industry Minister Piyush Goyal on Monday highlighted India’s growing economic strength, which is driven by record export figures, new free trade agreements (FTAs), and a surge in foreign direct investment (FDI) inflows.
The development comes despite a marginal dip in inflows at $27.6 billion.
Singapore has retained its position as the largest source of foreign direct investment (FDI) for India for the seventh consecutive year, with investments from the country surging to $14.94 billion in the financial year 2024–25, according to the latest government data.
“This landmark achievement was bolstered by a nearly 26 per cent rise in FDI to $42.1 billion during the first half of the current fiscal year,” the review stated.
Foreign Direct Investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally.
Confederation of Indian Industry (CII) said Monday that India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027.
Keeping the upward trajectory, the Reserve Bank of India (RBI) saw net foreign direct investment (FDI) growing in the first four months of FY25, owing to an increase in gross FDI flows.
Prime Minister Narendra Modi will be visiting Wardha in Maharashtra's Vidarbha region on Friday to participate in the 'National PM Vishwakarma Programme'.
