FDI inflows by 40% increase in during Make in India programme session Oct 2014 – Jun 2015 over the year-ago period Make In India #Hindustan360

#Hindustan360

According to the latest Economic Survey of Foreign direct investment (FDI), results are in favour of boost. Yes, there is an almost 40% increase in FDI inflows from October 2014 to June 2015 a long ago. Under the programme, the government has awarded 56 defence manufacturing permits to the private sector in the past one year, after allowing 49% FDI in the defence sector in August 2014 session, compared with 47 granted in the preceding three years. View more at #Hindustan360 .

Story of the event
Entities from several countries such as Japan, China, France and South Korea announced their intention to invest in India in various industrial and infrastructure projects. “The concept of Make in India has really succeeded as it added more employment. With this, India has now become a vibrant market for manufacturers. For the products that are made out of the initiative, we have a strong domestic market with increasing demand. I believe that infrastructure sector is where foreign investments can come in a big way,” said Dipankar Dasgupta, The Former Professor of Economics at the Indian Statistical Institute.
[source – Live Mint]

What the media says

Bullish on a series of reforms unveiled in the year passing-by, the government expects foreign direct investment inflows to rise by 40-45 per cent in the New Year while further steps could be on anvil to attract foreign capital.
As per the latest available figure for 2015, FDI inflows during January-September period has increased by 18 per cent to $26.51 billion.
[source – Business World]

Foreign Direct Investment (FDI) into the country increased by 31% to $24.8 billion (Rs 1.70 lakh crore) during April-November, Economic Survey said on Friday.
FDI in April-November 2014 stood at $18.9 billion (Rs 1.30 lakh crore)
[source – DNA India]

According to the Economic Survey 2015-16 tabled in Parliament on Friday, the services sector in India has made the maximum contribution to national and state incomes, trade flows, FDI inflows, and employment, contributing almost 66.1% of its gross value added growth in 2015-16.
[source – New Kerala]

Foreign direct investment (FDI) in India has received a dramatic boost from the launch of the Make in India initiative, according to the latest Economic Survey. After the September 2014 launch of the initiative, which seeks to promote manufacturing and attract foreign investment, there was an almost 40% increase in FDI inflows from October 2014 to June 2015 over the year-ago period.
[source – Microstat.in]

Success stories

Foreign direct investment in India has received a dramatic boost from the launch of the Make in India initiative

Indias services export grew from 16.8 billion US$ in 2001 to 155.6 billion US$ in 2014, which constitutes 7.5% of the GDP, making India the eighth largest services exporter in the world.

According to Economic Survey Indias tourism growth, which was 10.2% in terms of foreign Tourist Arrival (FTA) and 9.7% in terms of foreign exchange Earnings(FEE) in 2014, decelerated to 4.5% in terms of FTAs and fell by 2.8% in terms of FEEs in 2015.

Around 95% of Indias trade by volume and 68% in terms of value is transported by sea.

The cargo traffic of India ports increased by 8.2% to 1052.21 million tonnes in 2014-15. In Indias Maritime Agenda, the target for the year 2020 is 3130 million tonnes of port capacity with an investment of approximately Rs. 2,96,000/- crores.

The E-commerce market in India is expected to reach 16 billion US$ by the end of 2015 on the back of growing internet population and increased online shoppers.

New Delhi: Foreign direct investment (FDI) in India has received a dramatic boost from the launch of the Make in India initiative, according to the latest Economic Survey

According to the Survey, Rs. 12,31,073 crore trade and repair services sector, with a 10.7% share in GVA, grew by 10.8% in 2014-15.

A state-wise analysis of FDI inflows by the economic survey shows that Delhi, Haryana, Maharashtra, Karnataka, Tamil Nadu, Gujarat and Andhra Pradesh together attracted more than 70% of total FDI inflows to India during the last 15 years.

To make the recently launched Make in India initiative a success, the states will have a critical role in facilitating FDI in different sectors, the survey said.

To make the recently launched Make in India initiative a success, the states will have a critical role in facilitating FDI in different sectors, the survey said.

Reference

http://www.newkerala.com/news/
http://economictimes.indiatimes.com/
https://www.reddit.com/r/india/
http://www.livemint.com/Politics/
http://www.dnaindia.com/money/
http://isupportnamo.org/success-stories-of-make-in-india-campaign-part-2/