TopCat
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Please provide a link or some citation to back up your accusation that GDP growth rate mostly comprise of FDI and Capital market enhancement. Also, explain what do you mean by mostly in the context raw data that go into GDP calculation.
Huh, its not that you have some link where yu get all the answer you want.
The Hindu Business Line : FDI as catalyst for economic growth
In the current year, therefore, the growth impetus is not going to come from agriculture. This new growth pattern is more or less in sync with the global trend, where growth is driven mainly by services and investments, particularly private, made in the industrial sector. In India, the gross capital formation to GDP ratio at current prices rose from 24.8 per cent in 2002-03 to 26.3 per cent in 2003-04 the highest ever increase. This year, the ratio is expected to go up further.
A booming stock market and rising foreign exchange reserves, through FDI and FII channels, have made it possible to establish a new platform for investment-oriented GDP growth.
This year, FDI flows are expected to jump to $6-7 billion, from the $4.7 billion last year, and FII investments, to $9 billion. Thus, overall foreign investments are expected to touch $15-16 billion.