Foreign direct investment (FDI) has been rising annually in contrast with the heavy selling by foreign portfolio investors (FPIs) in recent times. Gross FDI inflows were at $83.6 billion in FY22, surpassing $82 billion a year earlier. It stood at $74.4 billion in FY20. Services and manufacturing sectors accounted for a major share of FDI … Read more
India’s infrastructure industries grew at a seven-month low as growth in most industries eased, official data released on Friday showed with economists expecting semiconductor shortages to impact industrial growth. Core sector rose 4.4% in September as against 11.5% in August and 0.6% in the year ago period. It contracted 5% month-on-month against a decline of … Read more
Rural demand is expected to get around Rs 11,000-crore boost from the record kharif harvest along with the marginal hike in minimum support price, according to a report by Care Ratings. The agriculture ministry projects a good crop in the first advance estimates for the kharif season at over 150 million tonnes. Along with that, … Read more
Mumbai: Local lockdowns have started hurting the Reserve Bank of India’s (RBI) weeks-long effort to keep government borrowing costs down. Apprehensions about the economic cost of lockdowns, especially the fear that governments may borrow more to compensate for lower tax revenues, sent yields higher. However, Mint Road, the government of India’s (GoI) merchant banker, again … Read more