"Make in India" Drove FDI up by 56% - Manufacturing Sector Inflows up by 45%

[Chanakya's_Chant]

Make in India drove FDI up by 56%: data

Prime Minister Narendra Modi has put the manufacturing sector at the forefront with his 'Make in India' programme. (AFP File Photo)​

As the government struggles to maintain investor confidence, foreign direct investments (FDI) into India has surged by 56% in five months since the Make in India programme was launched on September 24, official data revealed.

The inflow into the manufacturing sector alone saw a jump of 45% at $6.9 billion from $4.8 billion in the corresponding period a year ago.

“India received $21.2 billion in inflows overall during the five-month period, against $13.5 billion in the same period last year.If this surge continues, then as per our estimates, 2015-16 would be the year with the second highest FDI ever received by the country since 2000 (when maintenance of data started),” the official said.

The highest FDI inflow into India was in 2010-11, at $45 billion. FDI inflows in April-September 2014 were to the tune of about $16 billion.

Of the five months under consideration, December and January saw the highest FDI inflows, the officials said. Industry experts say that the Make in India campaign has been a game-changer for the investment climate.

Said CII president Sumit Mazumdar: “Make in India has worked a lot for India. The recent Hannover fair was a classic example where every investor was excited and wanted to know more about the campaign to plan their investment in India accordingly.”

According to data for April 2014-February 2015, Mauritius ($8.44 billion or Rs. 50,640 crore), Singapore ($6.42 billion), the Netherlands ($3.29 billion), Japan ($1.72 billion) and the US ($1.69 billion) were among the leading investors.

Source:- Make in India drove FDI up by 56%: data

 

[Skull and Bones]

@Guynextdoor2

 

[anant_s]

Things will improve still further once some key reforms such as GST are put in place along with more clarity on Land Reforms amendment bill. Another key could be reduction in interest rates for domestic production ramp up.
Also recent statement by FM Arun Jaitley that Retrospective Tax will be kept on being deferred, should bring in clarity on Tax structure. This point alone spooked a lot of companies during UPA 2 tenure and glad that both governments realized it was a mistake and corrected the same.
We can definitely see larger growth rates from Third quarter of this fiscal year for sure.
& once that is done, i guess government should focus on Agriculture, which unfortunately is the laggard amongst all sectors affecting GDP growth rate significantly.

 

[Chanakya's_Chant]

Things will improve still further once some key reforms such as GST are put in place along with more clarity on Land Reforms amendment bill. Another key could be reduction in interest rates for domestic production ramp up.
Also recent statement by FM Arun Jaitley that Retrospective Tax will be kept on being deferred, should bring in clarity on Tax structure. This point alone spooked a lot of companies during UPA 2 tenure and glad that both governments realized it was a mistake and corrected the same.
We can definitely see larger growth rates from Third quarter of this fiscal year for sure.
& once that is done, i guess government should focus on Agriculture, which unfortunately is the laggard amongst all sectors affecting GDP growth rate significantly.

GST alone would boost the Indian GDP by 1% to 2% - It has to be implemented at all cost by the next financial year - The government can take on the opposition in LS but not in RS - hope it isn't delayed.

Speaker rejects Opposition demand to send GST Bill to Parliamentary panel - The Hindu

The reduction of corporate tax from 30 per cent to 25 per cent in the next 4 years will make India more competitive in the global market.

Budget 2015: India Cuts Corporate Tax Rate to Win Back Investors – NDTV Profit

 

[anant_s]

GST alone would boost the Indian GDP by 1% to 2% - It has to be implemented at all cost by the next financial year

Yes as of now 1 April 2016 is the date for rolling out of GST. The concept has been implemented in a lot of countries and has done wonders to the economy by simplifying multiple tax layers. Hopefully this time it will get implemented with most of the states on board.

The government can take on the opposition in LS but not in RS - hope it isn't delayed.

Speaker rejects Opposition demand to send GST Bill to Parliamentary panel - The Hindu

Again opposition is playing dirty tricks. If BSP and SP can come around, government can actually manage numbers in RS too.

 

[nik141991]

GST is a must @Chanakya's_Chant what the progress on DMC

 

[magudi]

Yes as of now 1 April 2016 is the date for rolling out of GST. The concept has been implemented in a lot of countries and has done wonders to the economy by simplifying multiple tax layers. Hopefully this time it will get implemented with most of the states on board.

Again opposition is playing dirty tricks. If BSP and SP can come around, government can actually manage numbers in RS too.

Even Congress ruled states opposed GST draft by PC when it was bought first owing to lack of clarity on revenue sharing but now when finally everyone is on board they are playing delaying tactics

 

[Guynextdoor2]

@Guynextdoor2

'Fibbing'. Not one new legislation on manufacturing has been passed in one year except 'Make in India Ad', FAct is that when the economy stabilized after political turmoil was completed a natural increase in FDI happened which these clowns are trying to pass off as 'Make in India'. And this 40% 'jump' is also BS. During the last 1.5 years of UPA 2 the FDI fell because of political paralysis. So if it goes down from 100 to 60 and then picks up to 84, it is still a 'jump' of 40%.

@Skull and Bones The markets don't stand BS very long

Sensex Slumps Over 600 Points to Four-Month Low - NDTVProfit.com


The recent falls have come amid continued worries about selling by overseas investors, who have offloaded shares worth a net of more than $1.7 billion in the last 13 sessions excluding the amount raised from Daiichi Sankyo's stake sale in Sun Pharmaceutical Industries.

 

[Bang Galore]

Even Congress ruled states opposed GST draft by PC when it was bought first owing to lack of clarity on revenue sharing but now when finally everyone is on board they are playing delaying tactics

The BJP did the same in parliament during the time of the UPA & are now being paid back in their own coin.

 

[tsinga]

'Fibbing'. Not one new legislation on manufacturing has been passed in one year except 'Make in India Ad', FAct is that when the economy stabilized after political turmoil was completed a natural increase in FDI happened which these clowns are trying to pass off as 'Make in India'. And this 40% 'jump' is also BS. During the last 1.5 years of UPA 2 the FDI fell because of political paralysis. So if it goes down from 100 to 60 and then picks up to 84, it is still a 'jump' of 40%.

@Skull and Bones The markets don't stand BS very long

Sensex Slumps Over 600 Points to Four-Month Low - NDTVProfit.com


The recent falls have come amid continued worries about selling by overseas investors, who have offloaded shares worth a net of more than $1.7 billion in the last 13 sessions excluding the amount raised from Daiichi Sankyo's stake sale in Sun Pharmaceutical Industries.

Labour law has been reformed in Gujarat, Rajasthan and a couple of other states and a national labour law reform is on the cards. EoB is being improved by many changes being implemented.

It is because of this new government that the FDI is increasing. And Make in India ad is also a good thing if it works, again, the credit goes the new Govt.

 

[Guynextdoor2]

The BJP did the same in parliament during the time of the UPA & are now being paid back in their own coin.

I don't think there is a 'coin' in this- both sides have done the same thing for ages. But fact is that previously Pranab maintained an open channel and good relations with the likes of Advani so in some cases of national interest despite differences they would compromise and pass legislation. Under Modi's era of vendetta politics no such thing is possible.

 

[tsinga]

The BJP did the same in parliament during the time of the UPA & are now being paid back in their own coin.

Yup. Congress is doing the same thing that BJP did. It would be unfair to point out just Congress for the blame in Parliament.

 

[Guynextdoor2]

Labour law has been reformed in Gujarat, Rajasthan and a couple of other states and a national labour law reform is on the cards. EoB is being improved by many changes being implemented.

It is because of this new government that the FDI is increasing. And Make in India ad is also a good thing if it works, again, the credit goes the new Govt.

Yeah labor law in 'Rajasthan' has changes so FDI is because of Make in India. Make in India is a PR CAMPAIGN. NO legislation has been made, no changes. The rest of your post is inane.

 

[OrionHunter]

The Congress wants to put Modi down at any cost even if it affects the development agenda for the country.

In fact its a conspiracy. They don't want Modi to succeed as that would hurt them at the hustings.

Modi has to be stalled and embarrassed at any cost. For them, the country's progress be damned .

 

[GURU DUTT]

The Congress wants to put Modi down at any cost even if it affects the development agenda for the country.

In fact its a conspiracy. They don't want Modi to succeed as that would hurt them at the hustings.

Modi has to be stalled and embarrassed at any cost. For them, the country's progress be damned .

well thing is both modi and amit shah know it very well and are exposing congress and all its chamchas and already "making there files"so till the congress gets its so called "rewards" just enjoy the showas they can onli make noise in RS but the real power is with LS & president which both are pro BJP/MODI