Foreign direct investment inflows in the country jumped nearly three-fold to $15 billion in 2006-07 as the world's second-fastest growing economy lured investors from across the world.
She will also be the first serving diplomat to be posted in Washington in more than two decades after K Shankar Bajpai.
She will also be the first serving diplomat to be posted in Washington in more than two decades after K Shankar Bajpai.
The government should stick to the recent clarifications released on FDI in multi-brand retail trading and not ease the conditions for foreign retailers.
Trump had said a comprehensive trade agreement with India would take much longer to finalise than earlier expected.
Exporters, facing slump in demand in the major markets of the US and EU, are expecting incentives in the foreign trade policy, to be unveiled in the second half of the month. The FTP broadly spells out the segments of priority in external trade and also gives incentives and disincentives, depending on the country's needs.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
Commerce ministry had recently brought out a discussion paper that called for allowing 100 per cent FDI in the defence sector.
Foreign direct investment (FDI) in India declined by about 15 per cent to $12.6 billion (Rs 74,971 crore) during April-October this year, Parliament was informed on Wednesday.
Contrary to Modi's claim of the state being the largest beneficiary of Foreign Direct Investment, Gujarat has received only $8 billion of foreign investment during the 13-year period beginning 2000, according to the Union Minister.
'The BJP has shown signs lately of returning to its trader mindset.' 'Several strong emotions get meshed in this: Nationalism, protectionism, mercantilism, and arrogance,' points out Shekhar Gupta.
Foreign direct investment into India is expected to touch $15 billion by the end of the present fiscal, with more overseas firms eyeing good returns from the sub-continent.
The proposed Foreign Trade Agreement between India and Asean got a boost today as trade ministers of Asean countries agreed to India's proposal for reducing the negative list to 490 items
The proposals were cleared by Commerce and Industry Minister Arun Shourie on the basis of recommendations made by the Foreign Investment Promotion Board, an official release said.
New guidelines and procedures have been laid down for import of metallic scrap and waste in the wake of the recent loss of life and property in explosions caused by live shells in imported scrap, the Rajya Sabha was informed on Monday.
Commerce and Industry Minister Anand Sharma said he expected exports to reach $200 billion in the financial year ending March 2011.
'What will this supposedly more business-friendly government do if it gets a second term?' 'Important labour law and land reforms remain off the table.' 'Witness the arm-twisting of foreign players in e-commerce and all but one player in telecom -- and it is very hard to justify this perception that the BJP is business friendly.' 'There will also remain the real risk of ideas seemingly gleaned from the pages of Amar Chitra Katha, overlaid with PowerPoint presentations,' predicts Rahul Jacob.
For achieving $30 billion, the country would need over $11 billion FDI in the last five months of the fiscal in the midst of a global credit freeze. Riding on the back of impressive inflows of $25 billion in 2007-08, the government had aimed at $35 billion FDI for the current fiscal.
Chinese President Xi Jinping arrived in Ahmedabad on Wednesday on a three-day visit, which is expected to define the relationship between the two neighbours who have had a troubled past.
Among the current FTAs with significant trade deficits for India, five are with countries from the 10-nation Asean bloc. Exports to the 10 economies stood at $ 37.4 billion in 2018-19, up by 9% year on year. On the other hand, imports were higher at $ 59.31 billion, up by 25% from the previous year's $ 47.13 billion.
The Union government is likely to come out with a liberalised foreign direct investment policy in a bid to make foreign investment an engine of growth and create large-scale employment.
To mark Prime Minister Modi's seventh meeting with Obama and his historic joint address to US Congress -- the sixth Indian PM to do so -- India Abroad, the newspaper published from New York and owned by rediff.com, reached out to diplomats and strategic thinkers in New Delhi and Washington, DC, to assess the current state of the US-India relationship and suggest a road map for the future.
'I suggest Rahul Bajaj come out in the open and give us his own white paper on the perceived sense of fear that he thinks haunts corporate India,' says Dr Sudhir Bisht.
The main issue has been that of a higher Asset Management Ratio as has been prescribed by the Monetary Authority of Singapore for qualifying full banks from India.
Towards the close of 2013, the finance ministry approved the proposal of UK-based Tesco to invest $110 million in opening up of multi-brand retail stores in the country in partnership with Tata Group firm Trent.
Commerce and Industry Minister Kamal Nath has announced the annual supplement to the Foreign Trade Policy.
Two years ago, India was touted as a rare bright spot in a gloomy global economy with GDP growth outpacing a slowing China.
Modi also made a call for European Union unity and said India would play a positive role in enhancing that through Germany.
Indian IT major Infosys Technologies' proposal to increase its American Depository Shares from 3.5 per cent to between 6.27 and 7.78 per cent was amongst 50 foreign direct investment proposals
At the core of Sharif's initiatives is the belief that Pakistan's economic revival is not possible until it has improved and tension-free relations with neighbouring countries, particularly India and Afghanistan, said Tariq Fatemi, the Prime Minister's Special Assistant on Foreign Affairs.
Anand Sharma, who took charge of the nodal ministry for FDI on May 29, said there is no need for a relook at the policy amended in February by the Department of Industrial Policy and Promotion. While the policy does not allow overseas inflow into this sector, the changes in February were perceived to be opening the sector to FDI up to 49 per cent in an Indian firm that has a downstream subsidiary firm in retailing.
With the FIPB giving approval to the Tata-Singapore Airlines joint venture to start a full-service carrier, Tata Group Chairman Emeritus Ratan Tata on Friday met Commerce and Industry Minister Anand Sharma.
"Indian-Americans are an 'organic bridge' between the world's two largest democracies," he said.
"We want to trade even more," US President Barack Obama said on Sunday as the two-way commerce between America and India touched a record $100 billion.
The product was banned for export earlier, but has now been moved to the restricted category, under which an exporter would have to seek a licence from the government for shipments.
The country received FDI of $14.6 billion during April-August 2008 against $6.5 billion a year ago. The FDI target for 2008-09 is 35 billion dollar, while the actual inflows during the previous year were $24.57 billion.
As Chinese President Hu Jintao arrives in New Delhi, India made it clear on Monday that the proposed regulations on security aspects of foreign direct exchange would not be loaded against any specific country, including China.
Industry is displeased over the failure of the National Manufacturing Policy, which has failed to invite any sizeable investment since it was launched more than two years ago.
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