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FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

FDI Inflows Into India’s Telecom Sector Plummets To $2.66 Billion

Foreign direct investments in the telecom sector of the country have taken a downward hit, plunging to 2.66 billion dollars in FY 2019 as compared to the much higher figure of over 6.21 billion dollars in the year 2018. The Government said that the reason for this sharp fall could not be attributed to either regulatory uncertainty or financial stress in the industry. “Stressed financial conditions cannot be held responsible for the year-on-year decline in FDI, and neither has there…

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Delhi Replaces Maharashtra As India’s Top FDI Destination

Delhi Replaces Maharashtra As India’s Top FDI Destination

Delhi and the NCR region, which covers parts of Uttar Pradesh and Haryana finally overtakes Maharashtra in the race to being the country’s top foreign direct investment destination. While Delhi, Kolkata and Hyderabad are emerging to be the top destinations for FDI equity inflows, Mumbai and Ahmadabad are losing their sheen as the top FDI destinations. According to the data released by the Department for Promotion of Industry and Internal Trade (DPIIT), New Delhi received FDI equity inflows of $8.3…

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