Gross foreign direct investment (FDI) inflows in FY22 hit a record $83.6 billion, but the year-on-year rise slowed down to just 2% from 10% in the previous year, mainly due to an unfavourable base. Gross FDI includes FDI equity, reinvested earnings, equity capital of unincorporated bodies and other capital. Importantly, FDI (equity) inflows into manufacturing […]
Since FY20, the gross fixed capital formation (GFCF) component of India’s GDP has been modest, showing a declining trend from 29.5% in FY19 to 26.6% in FY21, reports fe Bureau in Mumbai. In FY21, it declined by 8.3% in current prices but thereafter in H1FY22, the GFCF improved to 27.8%. The NSO estimates that for […]
Rating agency Icra on Tuesday projected real GDP growth of 12-13% in the first quarter of FY23, citing an improvement in its business activity monitor reading and favourable base effect. However, for the full year (FY23), the agency has forecast 7.2% growth, thanks to the ripple effect of the Ukraine war, elevated inflationary pressure and […]
India is exploring possibilities of wheat exports this fiscal to a clutch of countries. While it is in talks with Egypt and Turkey on the quantum of shipments and the quality standards, Nicaragua and Syria have shown interest in sourcing grain through a government-to-government (G2G) arrangement, according to official sources. Syria and Nicaragua have requested […]
Ahead of the 12th ministerial conference of the World Trade Organisation (WTO) next month, member-nations will hold intensive negotiations between May 16 and 20 in Geneva in a bid to arrive at a deal to curb harmful fishery subsidies. This ‘Fish Week’, said ambassador Santiago Wills of Colombia, who is chair of the negotiations, will […]
Though the Centre took complete control of the district mineral foundations (DMFs) from the states with effect from July last year, mainly to rein in diversion of funds, the utilisation of the funds has not improved much. The DMF, created in 2015 with legal sanction, is meant for the welfare of mining-affected people. Till March […]