Search Result for : Fdi

The Dollar Business Bureau The US exports to India were increased by 18.7% and the trade deficit between the two nations has declined by nearly 6% in 2017 over the previous year, but still the US continue to complain on various issues including high tariffs and market access to several American goods being shipped to India. “The US goods trade deficit with India was $22.9 billion in 2017, a 5.9% decrease ($1.4 billion) over 2016,” according to the National Trade Estimate 2018, an annual report released by the United States Trade Representative (USTR). India is among the few nations with which the trade deficit of the US has dropped in the past one year. However, the US administration under President Donald Trump ...

The Dollar Business Bureau India’s gross domestic product (GDP) is estimated to grow at 7%-7.5% in the 2018-19 fiscal, with exports set to rebound, according to the Economic Survey tabled in parliament by Finance Minister Arun Jaitley on Monday. “A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75% this fiscal and will rise to 7 to 7.5% in 2018-19, thereby re-instating India as the world’s fastest growing major economy,” the Survey stated. The reform measures undertaken in 2017-18 can be strengthened further in 2018-19, it added. The Survey highlighted that due to the implementation of Goods and Services Tax (GST), resolution of the long-festering Twin Balance Sheet (TBS) problem by sending the major stressed companies ...

The Dollar Business Bureau India’s foreign direct investment (FDI) in the food processing sector was $6.49 billion during the period 2010-11 to 2016-17.  “According to Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, there has been FDI equity inflow of $6.49 million in the food processing sector during 2010-11 to 2016-17,” Minister of State for Food Processing Sadhvi Niranjan Jyoti informed the Parliament on Tuesday.  In food processing industries, 100% FDI was allowed via automatic route subject to applicable regulations, laws, sectoral rules and security conditions.  According to the recent Annual Survey of Industries (ASI) conducted by the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation in 2014-15, the overall capital invested by registered food processing entities was at ...

The Dollar Business Bureau The ambitious ‘Make-in India’ initiative by the Government has led to a record inflow of foreign direct investment (FDI) of $60 billion in the financial year 2016-17, the Commerce Ministry said on Wednesday. “The Make in India initiative was launched on September 25, 2014 with the objective of facilitating investment, fostering innovation, building best in class manufacturing infrastructure, making it easy to do business and enhancing skill development,” the Ministry said in a statement. The Government is also increasing the focus to new emerging sectors under the Make in India initiative. These include biotechnology, aerospace and defence, new and renewable energy and information communication and telecom equipment manufacturing, it said. There were 21 key sectors identified for specific actions in ...

The Dollar Business Bureau During the first seven months of 2017-18, the trade deficit with China stood at $36.73 billion against the $51.11 billion in the fiscal of 2016-17, Minister of State for Commerce & Industry CR Chaudhary informed the Parliament on Monday.  During the period April to October, India’s bilateral trade with China stood at $50.19 billion as compared to $71.45 billion in the entire financial year of 2016-17, as per the provisional data for the period placed by Chaudhary in the Lok Sabha.  “Increasing trade deficit with China can be attributed primarily to the fact that Chinese exports to India rely strongly on manufactured items to meet the demand of fast expanding sectors like telecom and power, while India's exports to ...

The Dollar Business Bureau India’s current account deficit (CAD) in the second quarter of this fiscal increased two-fold to $7.2 billion or 1.2% of gross domestic product (GDP) on year-on-year basis, due to higher increase in merchandise imports, mainly oil, according to the Reserve Bank of India (RBI). However, it is narrowed steeply from $15 billion or 2.5% of GDP compared to the preceding quarter of 2017-18. “India’s CAD at $7.2 billion (1.2% of GDP) in Q2 of 2017-18 narrowed sharply from $15 billion (2.5% of GDP) in the preceding quarter, but was substantially higher than $3.4 billion (0.6% of GDP) in Q2 of 2016-17,” the RBI said on Wednesday. “The widening of the CAD on a year-on-year basis was primarily on account of ...

By Ahmad Shariq Khan Hyderabad has been chosen to be the venue for the Global Entrepreneurship Summit 2017 (28-30 November) at a time when US-India entrepreneurial bonds have been growing stronger. This is the first time that the GES will be hosted in South Asia, and the event is aimed at highlighting India’s rapidly evolving environment for innovation and entrepreneurship. In a run up to the marquee event, The Dollar Business spoke to Katherine B. Hadda, the US Consul General in Hyderabad on a wide range of topics – from the GES 2017 to strengthening Indo-US ties. TDB: How would you define current status of US-India ties? Katherine B. Hadda (KBH): During his recent visit to New Delhi, US Secretary of State Rex Tillerson described ...

Ahmad Shariq Khan Indonesia’s Ambassador to India Arto Suryodipuro has said that India’s maritime industry has enormous potential and the country’s ambitious port-led economic development plan is very much in line with Indonesia's efforts to improve maritime infrastructure and connectivity in the region “India’s maritime industry has enormous potential,” the Ambassador said while speaking at the 2nd edition of the Indonesia Exposé 2017 organized by the Embassy of Republic of Indonesia in New Delhi. “India has experience in connectivity packaged in the integration of industrial zones, ports and inland waterways, where almost all transportation routes - land, river and sea - are connected to each other,” he said. “India now has advanced port management, transshipment and logistics capability,” Suryodipuro said, adding that India’s ambitious ...