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 ...
India a bright spot in global economy, says IMF report
The Dollar Business Bureau With higher political certainty, improved business confidence, reduced external vulnerabilities and lower commodity prices, the Indian economy is expected to grow at 7.5 % for the next two years, the International Monetary Fund (IMF) said. In its Regional Economic Outlook for Asia and the Pacific released on Thursday, the IMF said India will be a “bright spot” in the global economy. “Domestic and external vulnerabilities have moderated on the sharp decline in the current account deficit and inflation, the fiscal position has begun to improve, and a resumption of capital inflows allowed a significant buildup in foreign reserves. This confluence of achievements has made India one of the bright spots in the global economy,” the ...
