Finance Minister Nirmala Sitharaman in her Budget speech 2025 has proposed to increase the foreign direct investment (FDI) limit in the insurance sector from 74% to 100%, a move expected to bring more players into the market and drive innovation. “With 100% FDI now allowed in insurance, India could be on the path to having … Read more
BIMSTEC can finalise a regional FTA in phases, which would lead to quicker implementation and promote investment, job creation, technology partnerships, and services according to a CII Study on BIMSTEC Economic Cooperation. The CII Study was released in New Delhi last week on the occasion of BIMSTEC Business Summit organised ahead of the group’s Summit … Read more
The attractiveness of the Indian markets is far from ebbing out. In the beginning of 2024 itself, there is another favourable development regarding the Indian markets. Bloomberg proposed to include India FAR (fully accessible route) government securities in the Bloomberg EM Local Currency Index. Quite naturally, this will ensure flows into the Indian markets. Capital … Read more
New Delhi: India is negotiating bilateral investment treaties (BIT) to sustain the growth of foreign direct investment (FDI) into the country in the spirit of ‘first develop India’, finance minister Nirmala Sitharaman said in her Budget speech for 2024-25.“The FDI inflows during 2014-23 was $596 billion marking a golden era. That is twice the inflow … Read more
India‘s neutral geopolitical position has played to the country’s advantage when it comes to attracting global investment, as more and more countries direct trade towards friendly nations, Claudio Irigoyen, head of global economics research at Bank of America, tells Bhaskar Dutta in an interview. Irigoyen says the “sweet spot” for emerging markets could be the … Read more
Agreeing to exchange information on rice and acknowledging the multiple benefits of millets, the ASEAN-India Summit held here on Thursday decided to strengthen cooperation on food security and nutrition through promoting mutual trade and investment. The Member States of the Association of Southeast Asian Nations (ASEAN) and India in the ‘ASEAN-Indian Joint Leaders’ Statement on … Read more
Amid a relative slowdown in developed markets, the Indian economy is on a firm footing for establishing itself as a global growth engine, attracting investors with its promising growth story. India’s allure as an emerging market has led to a surge in foreign portfolio investments (FPI), with more than $10 billion flowing into the equity … Read more
The benefits under the production-linked incentive (PLI) scheme are yielding positive results and there is an intention to roll out these support measures for more labour-intensive sectors such as toys, leather and footwear, a top government official said on Wednesday. The government provides financial incentives under the PLI scheme to as many as 14 sectors … Read more
Trade ministers of India and France have held discussions related to the ongoing talks for a free trade agreement between India and the European Union, the commerce ministry said on Wednesday. Commerce and Industry Minister Piyush Goyal was in Paris to attend India-France Business Summit and CEOs roundtable meet. He held bilateral meetings with several … Read more
The information and broadcasting industry received foreign direct investment (FDI) of ₹1,535.2 crore during the quarter ended December 2022, data from the Department for Promotion of Industry and Internal Trade (DPIIT) shows. Of this amount, films and advertisements sub-segment received ₹1,524.8 crore, while radio broadcasting received ₹10.3 crore. For the first nine months of 2022-23, … Read more