{"id":4219,"date":"2017-03-06T12:11:33","date_gmt":"2017-03-06T12:11:33","guid":{"rendered":"https:\/\/sunkrish.com\/?p=4219"},"modified":"2017-03-06T12:12:59","modified_gmt":"2017-03-06T12:12:59","slug":"fdi-in-services-sector-up-77-6-to-7-55-billion-in-nine-months-of-fy17","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/03\/06\/fdi-in-services-sector-up-77-6-to-7-55-billion-in-nine-months-of-fy17\/","title":{"rendered":"FDI in services sector up 77.6% to $7.55 billion in nine months of FY17"},"content":{"rendered":"
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The commerce and industry ministry is considering relaxing FDI norms in certain sectors including retail to further boost inflows.<\/em><\/figcaption><\/figure>\n

Foreign investments in the services sector increased 77.6% to $7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business.<\/p>\n

The sector, which includes banking, insurance, research and development (R&D), outsourcing, courier and technology testing, had received foreign direct investment (FDI) worth $4.25 billion during the April-December period of last fiscal, 2015-16, according to the Department of Industrial Policy and Promotion (DIPP).<\/p>\n

The sector contributes over 60% to India\u2019s gross domestic product (GDP) and accounts for 17% of the total foreign investment inflows.<\/p>\n

The other sectors where inflows have recorded growth during the nine-month period of 2016-17 are telecom ($5.54 billion), trading ($2 billion), computer software and hardware ($1.81 billion) and automobile ($1.45 billion).<\/p>\n

In step FDI growth in important sectors like services, overall foreign inflows in the country increased 22% to $35.84 billion during April-December 2016-17.<\/p>\n

The commerce and industry ministry is also considering relaxing FDI norms in certain sectors including retail to further boost inflows. Foreign investment is considered crucial for India, which needs around $1 trillion for overhauling its infrastructure sector such as ports, airports and highways to boost growth.<\/p>\n

A strong inflow of foreign investments will help improve the country\u2019s balance of payments situation and strengthen the rupee against other global currencies, especially the US dollar.<\/p>\n

 <\/p>\n

Source: http:\/\/www.livemint.com\/Money\/G5PEusUPpmxanUhuo3O67O\/FDI-in-services-sector-up-776-to-755-billion-in-nine-mon.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign investments in the services sector increased 77.6% to $7.55 billion in the first nine months of the current fiscal, helped by government steps to improve ease of doing business. The sector, which includes banking, insurance, research and development (R&D), … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":4116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,497,493,5],"tags":[666,298,304,354,934],"class_list":["post-4219","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-department-of-industrial-policy-and-promotion-dipp","tag-ease-of-doing-business","tag-foreign-direct-investment","tag-foreign-institutional-investors","tag-gross-domestic-product-gdp"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=4219"}],"version-history":[{"count":1,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4219\/revisions"}],"predecessor-version":[{"id":4220,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/4219\/revisions\/4220"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/4116"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=4219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=4219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=4219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}