India most likely to be the favoured destination for FDI inflows, UNCTAD Report
The Dollar Business Bureau India is likely to remain the favoured destination for foreign direct investment (FDI) inflows this year despite a stagnant inflow of $44 bn in 2016 the United Nations Conference on Trade and Development (UNCTAD) report detailed. India is favoured by the MNCs for its cross-border merger and acquisitions the report said. The report details that FDI inflows to developing Asia are expected to increase by 15% in 2017, to $515 billion, as an improved economic outlook in major Asian economies is likely to boost investor confidence. In major recipients such as China, India and Indonesia, renewed policy efforts to attract FDI could contribute to an increase of inflows in 2017. The report, however, cautioned that tax-related challenges may pose as ...
Major Indian firms may be hit due to Brexit: CLSA
The Dollar Business Bureau As the concerns of Britain’s exit (termed Brexit) from the European Union (EU) are cooling down, some Indian companies are going to be impacted, due to their exposure to the EU and UK, apart from the consequences on the global markets. According to CLSA, Asia's leading independent brokerage and investment group, the EU - including the UK - is largest trading partner of India, accounting to 18 percent of merchandise exports in 2015-16, worth around $48 billion and 17 percent of merchandise imports valued about $65 billion. A report by CLSA released on June 16 highlighted that trade with the UK stood at $9 billion, or 8 percent of the overall trade with the EU. Engineering goods and textiles ...
EU awaits Indias trade policy announcement
The Dollar Business Bureau The European Union Ambassador J Cravinho in a media interaction on Thursday termed 2015 as a interesting and exciting year for the European Union and India in terms of trade. According to the sources, the EU envoy expressed hope that the issues pertaining to bilateral investment and Free Trade Agreement between the EU and India would be resolved and finalized in 2015. The EU envoy further said that the EU is eagerly waiting for the India’s Trade Foreign policy announcement. Stressing on the relation between the two countries, the envoy said that India holds a stronger relation with the EU in the case of economic growth, jobs, Digital India and urban development. He expressed hope that ...
