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India's FDI inflow dips 38%

Discussion in 'World Economy' started by tariqkhan18, Dec 17, 2010.

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  1. tariqkhan18

    tariqkhan18 Major Staff Member ADMINISTRATOR

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    India's FDI inflow dips 38%

    India received FDI equity inflows of USD 17.37 billion between January and October this year, the Ministry of Commerce & Industry said on Thursday. During the financial year 2009-10, FDI equity inflows of USD 25.89 billion were received.

    The government said it had undertaken a major exercise on consolidation of all existing regulations on FDI, with the aim of integration of all such regulations into one consolidated document, so as to reflect the current regulatory framework. The final document in this regard was released on 31 March, 2010.

    Such consolidation would ensure that all information on FDI policy is available at one place, which is expected to lead to simplification of the policy, greater clarity and understanding of foreign investment rules among foreign investors and sectoral regulators, as also predictability of policy, it said.

    It was decided that the consolidated circular would be issued every six months to ensure that FDI policy is kept updated.

    India\'s FDI inflow dips 38%
     
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