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.
The dynamics of foreign direct investment (FDI) serve as a barometer of a country’s attractiveness and competitiveness. Amidst the shifting tides of geopolitics and supply chain diversification, India finds itself at a critical juncture, grappling with the implications of its FDI performance vis-à-vis the China-plus one strategy.
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
However, sequentially, the figure jumped by 38.4 per cent from $2.19 billion in January 2024, the figures showed.
On the basis of the review, the government has made amendments under para 5.2.12 of the Consolidated FDI Policy Circular of 2020, as amended from time to time (FDI Policy).
In a bold move signalling a paradigm shift in its approach to space exploration, India has opened its doors wider to the global space industry.
