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Jaitley Predicts Stronger Growth Numbers for 2015

Optimism high for the economy in 2015

Arun Jaitley expressed his optimism for the Indian economy earlier this week, stating that he anticipates GDP growth for 2015 will surpass that of the previous year. The Finance Minister cited new reforms and an influx of foreign direct investment (FDI) as the main drivers saying, “I think international investment is going to be a great resource [for India] and with all these economic activities planned, even in the midst of somewhat gloomier global situation, I think India has the potential to stand out as a relative brighter spot.”

Influx of foreign investment

For the fiscal year 2014-15, India received approximately $20 billion in FDI from a dozen countries that Prime Minister Narendra Modi has visited since taking over in May, 2014. PM Modi continues to make frequent foreign trips, promoting his ‘Make in India’ campaign. Top contributing nations include Japan, committing $35 billion over a five-year period and China pledging $20 billion, over the same time frame. The UK and several European nations are also expected to come on board before the end of the year. India remains an extremely attractive nation within the emerging markets sector. The Excel India Fund was up 1.15% on a weekly basis as at September 23rd and up 22.5% on a yearly basis, as at August 31, 2015.

Despite the recent global economic issues, growth is spelled for many nations across the world. Employment, investment, and optimism are slowly beginning to take hold, and direct investment from abroad is only strengthening the Indian economy. With heavy internal investment and attention being paid to infrastructure, policy, and responsibility, the future only keeps getting brighter. Make sure to take advantage while you still can on the Excel India Fund.


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