Record direct investment
India is on track to experience another year of record foreign direct investment (FDI) inflows. During the first half of the current fiscal (April-September 2015), FDI in India registered a growth of 13 per cent to reach US$ 16.63 billion, compared to US$ 14.69 billion in the same period last year.
Rise in foreign investment expected
With the business-friendly government relaxing FDI limits in several sectors, including defence, single brand retail, construction and civil aviation, and the country’s Make in India campaign gaining momentum, it is expected that foreign investment in the world’s fastest growing economy will continue to rise during the second half of the current fiscal year, surpassing inflows of the previous fiscal year. This growth has made foreign investment in India a very promising venture and has created buzz around the world.
One of the most attractive foreign countries
“India is currently one of the most attractive countries for foreign investors who see tremendous opportunities for growth. Demand created by the country’s increasingly wealthy consumers, massive infrastructural development, and a highly educated, young work force underpin the attractiveness of the country,” says Christine Tan, senior portfolio manager with Excel Investment Counsel Inc. Among the primary beneficiaries of higher levels of FDI are sectors such as computer software and hardware (US$ 3.05 billion), trading (US$ 2.30 billion), services and automobile (US$ 1.46 billion each) and telecommunications (US$ 659 million).
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