Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

First dip in decade: FDI inflows fall 16% in FY23.


Date: 24-05-2023
Subject: First dip in decade: FDI inflows fall 16% in FY23
Foreign direct investment (FDI) inflows into the country fell 16% to $71 billion (on a gross basis) during 2022-23 on the back of a weak global economic situation, marking the first decline in a decade.

Latest data released by RBI in the monthly bulletin showed that during the previous financial year, after adjusting for repatriation and disinvestment by foreign investors, direct inflows were 27% lower at $41.6 billion.

But high inflation and weak demand in the US and Europe has dried up flows into startups, which were large recipients of surplus money floating globally. The drop in flows has, however, failed to dampen sentiments, with officials and economists maintaining that it would be reversed, and investors are likely to step up investments once the global uncertainty ends.

"The slowdown in FDI has been a global trend in 2022, so this doesn't come as a surprise... But India, as the fastest-growing economy in G-20, is structurally well-positioned to attract healthy FDI flows over the medium term. The government should take advantage of the ongoing diversification of global supply chains and attract foreign investments into India's manufacturing sector," said DK Joshi, chief economist at ratings agency Crisil.


Unctad's World Investment Report had warned that "investor uncertainty and risk aversity could put significant downward pressure on global FDI".

On a net basis too, FDI declined 27.5% to $28 billion as outward flows also fell 23% to $13.6 billion, indicating that Indian companies too went slow on investments in other countries.

In 2022, China saw FDI inflows rise 8% to $189 billion, according to preliminary data released in January.

The government is banking on large investments from global majors to boost manufacturing activity in key sectors, such as, electronics, chemicals, automobiles and textiles to not just meet the requirements of the domestic market but also exports and make India part of the global value chain. Unctad had also pointed out that among developing countries, India was the largest destination for FDI in setting up R&D bases by multinational enterprises.& ..

 Source Name:Economic Times

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 24-05-2023
NOTIFICATION NO. 13/2023–CENTRAL TAX
Seeks to extend the due date for furnishing FORM GSTR-7 for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 24-05-2023
NOTIFICATION No. 12/2023 – CENTRAL TAX
Seeks to extend the due date for furnishing FORM GSTR-3B for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 24-05-2023
NOTIFICATION No. 11/2023- Central Tax
Seeks to extend the due date for furnishing FORM GSTR-1 for April, 2023 for registered persons whose principal place of business is in the State of Manipur.

Date: 23-05-2023
NOTIFICATION No. 38/2023-Customs
Seeks to amend Australia FTA notification to make changes in tariff preference given to Coking Coal and Raw Cotton arising out of Finance Act, 2023

Date: 18-05-2023
Notification No. 36/2023 - Customs (N.T.)
Exchange rate Notification No. 36/2023-Cus (NT) dated 18.05.2023-reg

Date: 17-05-2023
NOTIFICATION No. 37/2023-Customs (N.T.)
Notification in relation to the rail link route connecting Bathnaha-Indian Customs Yard, Jogbani in Inda, and Nepal Customs Yard, Biratnagar in Nepal by amendment of Principal Notification No. 63/1994-Customs (N.T.) dated 21st November, 1994

Date: 15-05-2023
Notification No.22/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 15-05-2023
Notification No.22/2023-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 15-05-2023
Notification No. 34/2023-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

Date: 10-05-2023
NOTIFICATION No. 10/2023 – Central Tax
Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 5 Cr from 01 st August 2023.



Exim Guru Copyright © 1999-2023 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001