Saturday, September 23, 2006

FDI is flowing in, but India has to work towards getting much more

A sector-wise bifurcation of the FDI reveals that manufacturing continues to maintain its lead, followed by computer services. Manufacturing bagged $1.25 billion of equity capital and computer services $770 million in FY 2006. Finance, insurance, real estate and business services in total attracted $452 million. Mauritius tops the chart in country-wise FDI inflow followed by US. Thanks to the double taxation avoidance agreement, Mauritius poured in a whopping $1.36 billion in 2005-06, while the United States poured in another $346 million. FDI inflows from UK and Singapore increased the most to $261 million and $166 million in FY 2006.

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Source:- IIPM Editorial

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