| Date: |
13-11-2010 |
| Subject: |
India Needs To Review FDI Policy : Assocham |
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Industry body Assocham said that as India was in the last position in attracting foreign direct investment (FDI) among BRIC nations, it should review its policy to attract maximum inflows, report media.
Among the BRIC nations consisting of four fast-emerging economies--Brazil, Russia, India and China-- the maximum FDIs are being attracted by China and Russia. Citing the data of the Organisation for Economic Co-operation and Development (OECD), the report said that China had received FDI worth $66.9 billion and Russia $19.1 billion in the first two quarters of this year, while Brazil attracted $12.1 billion, but India got $11.1 billion.
Source : rttnews.com
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