Mirzapur
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.
NRIs Demonstrate Growing Confidence in Indian Economy with $1 Billion Deposited in April
This was a good jump from the $150 million that overseas Indians deposited in the same month last year, underlining their increasing faith in India's economic prospects on the back of an unmistakable upward trend. This is reshaping the growth trajectory of India, above the average of 7% witnessed from 2003-2019 to one of 8% plus from 2021-2024.
India gets highest FDI from Singapore in 2023-24, Mauritius at second spot
Although there was a decline of 31.55% in FDI from Singapore, amounting to USD 11.77 billion in the mentioned fiscal year, India still stood out as the top recipient of investments from the island nation, as revealed by the data.
India's Foreign Exchange Reserves Reach Record High of $648.56 Billion
This marks the seventh consecutive week witnessing a notable increase in the overall reserves. In the previous week ending March 29, the forex reserves had escalated by $2.95 billion, following a cumulative rise of $26.5 billion over the preceding five weeks.
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