A bipartisan group of American state governors and top officials have vouched for strong bilateral ties with India and pitched for investment from the Indian corporate sector who they said not only brings foreign direct investment but also skills and creates local jobs in the US. Governors Tom Wolf from Pennsylvania and Asa Hutchinson from […]
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 […]