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.
Indian rocket and satellite makers and their lobby bodies have welcomed the amended FDI norms while expecting further liberalisation after some years.
In comparison, for the year 2022, FDI in India stood at USD 29.11 billion, with FDI by India reaching USD 9.35 billion during the same April-November period.
The net Foreign Direct Investment (FDI) flowing into India reached a 21-month high in October reflecting the strengthening fundamentals of the economy, according to data compiled by the RBI.
PM Modi was speaking after inaugurating the second edition of the mega food event ‘World Food India 2023’ at Bharat Mandapam here.
Recent data showing a 34 per cent drop in FDI equity inflows to India during the June quarter compared to…
