{"id":5687,"date":"2017-09-20T14:44:21","date_gmt":"2017-09-20T14:44:21","guid":{"rendered":"https:\/\/sunkrish.com\/?p=5687"},"modified":"2017-09-28T07:40:01","modified_gmt":"2017-09-28T07:40:01","slug":"fdi-likely-to-rise-further-after-gst-moodys","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2017\/09\/20\/fdi-likely-to-rise-further-after-gst-moodys\/","title":{"rendered":"FDI likely to rise further after GST: Moody\u2019s"},"content":{"rendered":"
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FDI in India grew by 18% during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion showed.<\/strong><\/figcaption><\/figure>\n

India is likely see increased foreign direct investment (FDI) inflows on the back of reforms such as introduction of the goods and services tax and the bankruptcy code, international ratings agency Moody\u2019s said in a report on Monday.<\/p>\n

\u201cCombined with reforms such as the introduction of a goods and services tax, which lowers the cost and complexity of doing business, and a simplified and clarified bankruptcy code, FDI is likely to rise further,\u201d the agency said in its report on how structural reforms by Asia Pacific sovereigns could become more effective from stronger global demand.<\/p>\n

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In India, Moody\u2019s said, the government has raised ceilings for authorised FDI in a number of sectors. \u201cFDI has already increased substantially, albeit from a low base,\u201d the report said.FDI in India grew by 18% during 2016 to touch $46 billion, data released by the Department of Industrial Policy and Promotion showed.<\/p>\n

The Narendra Modi government has liberalised FDI framework for a number of sectors including insurance, defence and civil aviation and also taken steps towards the ease of doing business. Moody\u2019s said the positive economic impact of India and Indonesia\u2019s measures to attract higher levels of FDI, combined with steps to improve business conditions, are likely to be more apparent in a stronger global macroeconomic environment. The agency has maintained India\u2019s sovereign rating at Baa3 positive.<\/p>\n

\u201cIndia and Indonesia\u2019s governments have both implemented reforms over the past few years to improve the overall business climate and, more specifically, to attract FDI,\u201d Moody\u2019s said, adding that a robust global environment is likely to amplify the positive impact of the reforms on the two countries\u2019 attractiveness to foreign investors.<\/p>\n

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Moody\u2019s Investors Service said the strengthening in global demand since the end of last year has buoyed Asia Pacific\u2019s trade-reliant economies, but added that faster export growth has yet to feed into a sustainable acceleration in output growth.<\/p>\n

Source: The Economic Times<\/a><\/div>\n
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India is likely see increased foreign direct investment (FDI) inflows on the back of reforms such as introduction of the goods and services tax and the bankruptcy code, international ratings agency Moody\u2019s said in a report on Monday. \u201cCombined with … 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":[15,4,497,493,5],"tags":[448,504,666,298,305,304,535,972,976,517,321,462],"class_list":["post-5687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-asia-pacific","tag-bankruptcy-law-reform","tag-department-of-industrial-policy-and-promotion-dipp","tag-ease-of-doing-business","tag-economy","tag-foreign-direct-investment","tag-goods-and-services-tax-gst","tag-gst-network-gstn","tag-gst-service-provider-gsp","tag-indonesia","tag-moody","tag-narendra-modi"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5687","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=5687"}],"version-history":[{"count":7,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5687\/revisions"}],"predecessor-version":[{"id":5843,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/5687\/revisions\/5843"}],"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=5687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=5687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=5687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}