Foreign Direct Investment
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PLI Scheme Attracts Rs 1.46 Lakh Crore Investment, Boosts FDI Inflows by 26%
While the PLI scheme saw Rs 12.5 lakh crore in production, Rs 4 lakh crore in exports and generating 9.5 lakh jobs, over 1,300 manufacturing units were established across 14 sectors and 27 states/UTs under the scheme this year.
69% of $1 Trillion FDI into India Received in the Last Decade: Government
This landmark achievement was supported by a nearly 26 per cent increase in FDI to $42.1 billion during the first half of the current fiscal year," the review said.
India Sees 45% Surge in FDI to $29.79 Billion in April-Sept
The primary industries of the economy that benefited from FDI include services, automobile, computer software, IT hardware, telecom and pharmaceuticals and chemicals.
Inward FDI Sees 23.6% Surge to $27.7 Billion from April to July, Reports RBI
As per the latest bulletin of RBI, the net FDI for this period hiked to $5.5 billion compared to $3.8 billion for the same period of last year. The data of repatriation and divestment by foreign investors in India to the central bank increased to $15.9 billion for the first four months of FY25 as compared to $14.7 billion a year back.
Maharashtra Leads in Attracting Highest FDI of ₹70,795 Crore in Q1 FY25
The neighboring Karnataka fared second by attracting investment worth Rs 19,059 crore, Delhi third with Rs 10,788 crore, Telangana fourth with Rs 9,023 crore, Gujarat fifth with Rs 8,508 crore, Tamil Nadu sixth with Rs 5,818 crore, Uttar Pradesh eighth with Rs 370 crore and Rajasthan ninth with Rs 311 crore.
India's Forex Reserves Surge by $4.6 Billion, Reaching $674.7 Billion
In the week ended August 16, foreign currency assets, a major component of the reserves, increased by $3.6 billion to $591.6 billion, the RBI data showed.
FPIs Channel Over ₹11,000 Crore into IT Sector in July, Reports NSDL
Interest in IT stocks by FPIs also follows hopes of a possible cut in interest rates by the US Federal Reserve in September, which, in turn, would encourage companies to spend more on IT. The IT stocks have been on an uptrend for the last one month too, with TCS gaining nearly 5 per cent, Infosys rising about 5.5 per cent and HCL Tech moving up by 3.5 per cent.
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