Foreign direct investment growth falls to four-year low in 2017-18

09 Juin, 2018, 18:06 | Auteur: Auguste Feret
  • Commerce minister Suresh Prabhu said gross FDI inflows jumped 3.2% in 2017-18 to touch $62 billion against $60.1 billion a year earlier

Commerce and industry minister Suresh Prabhu on Friday said gross foreign direct investment (FDI) inflows rose marginally in fiscal year 2017-18, playing down a recent report by the United Nations Conference on Trade and Development (UNCTAD) that showed a dip in inflows in 2017.

It may be noted that during the last four years of Modi government, FDI inflows jumped to $222.75 billion compared to $152 billion in the previous four-year period.

"What we are saying in RCEP is that it is a comprehensive economic partnership pact and in this services should be an integral part of the agreement", he said.

Prabhu said that India will soon be a $5 trillion economy and his Ministry was preparing a plan to ensure that the manufacturing sector contributes 20 per cent to the GDP in the next seven years. "I had consultations with representatives of all major sectors".

Prabhu said that to facilitate the 8 per cent potential growth, the government is working on several areas including formulation of a new industrial policy, "which is going to make India ready for the fourth industrial revolution and beyond".

Spain's new PM Pedro Sanchez unveils pro-EU government dominated by women
To maintain "stability", Sanchez has also promised to implement the 2018 budget crafted by the previous conservative government. José Luis Zapatero, the last socialist prime minister, had appointed an equal number of male and female ministers.

" "La " voiture volante " du fondateur de Google offerte en précommande
Prendrez-vous bientôt le volant d'une voiture volante? Elles sont aussi disponibles depuis mercredi en précommande aux États-Unis. Son autonomie varie de 12 à 20 minutes en fonction du poids de l'occupant, les facteurs environnementaux et la vitesse atteinte.

Jawad Bendaoud se serait vanté d'avoir dupé la justice
Son ex-compagne avait porté plainte contre lui pour menaces de mort . Pour lui, Jawad Bendaoud est "un vrai violent et un dissimulateur".

When asked about the impact of the RBI's decision this week to raise the benchmark lending rate by 0.25 per cent, the minister said: "I do not think it should hamper investments".

On his U.S. visit next week, Prabhu said that he would meet his counterpart and industry leaders and raise India's concerns about tightening visa regime in the USA and its impact on Indian IT sector.

On the USA challenging India's export support programmes, Prabhu said he would explain that those measures are not subsidies and instead ways to partially offset various additional costs incurred by them.

India is also expected to raise its concern regarding the USA review of the generalized system of preferences through which Indian exporters get preferential market access to the US. "But what we are doing today is not violating any WTO rule", he added.

Conseillé:

  • L'Islam politique n'a pas de place ici — Le Chancelier Autrichien

    L'Islam politique n'a pas de place ici — Le Chancelier Autrichien

    Selon une loi votée en 2015 par le Parlement autrichien, les imams ne peuvent être salariés par un gouvernement étranger. L'Autriche, un pays de 8,8 millions d'habitants, compte environ 600 000 musulmans, la plupart originaires de Turquie.

    Afghan Taliban raise hopes with surprise Eid ceasefire

    President Ashraf Ghani on Thursday declared an apparently unilateral week-long ceasefire with the Taliban. Government forces will not stop fighting other militants , like the Islamic State (IS) group.
    BT chief executive Gavin Patterson to leave post later this year

    BT chief executive Gavin Patterson to leave post later this year

    Jan du Plessis, the chairman of BT, said: "The Board is fully supportive of the strategy recently set out by Gavin and his team". Mike van Dulken, head of research at Accendo Markets, said the board faced questions about BT's direction.
  • Jamie Dimon: Tariffs Aren't the Way to Go

    Jamie Dimon: Tariffs Aren't the Way to Go

    Around that time, big companies like Coca Cola, UPS and AT&T said they would no longer give quarterly guidance. In an interview earlier today on CNBC , Warren Buffett and Jamie Dimon told viewers to "beware" of bitcoin .

    DOJ Won't Defend Obamacare in Lawsuit Brought by 20 States

    Donald Verrilli Jr, Barack Obama's top supreme court lawyer who defended the law, called the decision "a sad moment". But it said the rest of the law, including Medicaid expansion, can remain in place.
    Tiger Woods yacht 'Privacy'

    Tiger Woods yacht 'Privacy'

    The area around Shinnecock Hills on the eastern end of Long Island is full of lovely rental homes and beachside hotels. After offering the boat to Elin Nordegren during their divorce proceedings, Woods tried to sell the boat in 2011.
  • Woman injured by bison in Yellowstone National Park after getting too close

    Woman injured by bison in Yellowstone National Park after getting too close

    Park officials instructed visitors to give animals space, even near trails, boardwalks, parking lots and other developed areas. The latest attack at Yellowstone comes days after two people were attacked by elks in separate incidents.
    Elon Musk annonce le futur SUV compact pour 2019 — Tesla Model Y

    Elon Musk annonce le futur SUV compact pour 2019 — Tesla Model Y

    Tout juste sait-on que le Model Y sera présenté en 2019 et qu'il aura des portes Falcon qui se déplient comme des ailes . Un unique teaser officiel de la Model Y existait jusque-là, donnant de vagues indications sur ses formes vues de face.

    Un enfant meurt écrasé dans un ascenseur de centre commercial — Val-d'Oise

    Au moment de sortir de la cabine, l'ascenseur aurait chuté sur une courte distance, coinçant l'enfant et le tuant sur le coup, rapporte Le Parisien .
  • Former garbo to make shock Wallabies debut

    Former garbo to make shock Wallabies debut

    Veteran flyhalf Johnny Sexton was relegated to the bench to allow Joey Carbery to start a test match for just the third time. Paenga-Amosa worked as a trash collector for eight months after finishing school in Sydney before studying theology.
    Top 14: Maxime Mermoz et Théo Balan s'engagent au Stade Toulousain

    Top 14: Maxime Mermoz et Théo Balan s'engagent au Stade Toulousain

    Théo Belan, 26 ans, a lui débuté sa carrière à Toulon, son club formateur, avant de rejoindre Lyon lors de la saison 2016-2017. Maxime Mermoz est de retour au bercail.
    New Zealand women score world record 490/4 in ODI against Ireland

    New Zealand women score world record 490/4 in ODI against Ireland

    Jess Watkin scored a fine 62 and 17-year-old Amelia Kerr provided the finishing touches, smashing her way to 81 off just 45 balls. New Zealand women have smashed the world record for the highest one-day global score by posting a mammoth 490-4 against Ireland.


Populaire

Hundreds hurt in Gaza protest, including 80 by Israeli fire
The soldier then immediately responded to the assault by firing at the Palestinian. Rights groups have said Israel's open-fire rules are unlawful.

Pope Francis: Climate change a challenge of epochal proportions
At a two-day conference at the Vatican, the pope called climate change a challenge of "epochal proportions", according to Reuters. Browne, a Notre Dame spokesman, said the university's president, the Rev.

Garcia monte en puissance mais peine à conclure — Roland-Garros
Les hommes n'ont pas dépassé la première semaine, ce qui ne s'était pas produit depuis 2007. C'est le rendez-vous des amoureux de la terre battue.

Boxe - Donald Trump pourrait grâcier Mohamed Ali
Trump a déjà accordé un pardon posthume à Jack Johnson, le premier Noir à avoir été champion poids lourd. Mohamed Ali était à l'époque l'une des personnalités les plus en vue du Mouvement des droits civiques .

L'abandon de Tsurenko envoie Muguruza en quart de finale — Roland-Garros
Muguruza n'avait pourtant jamais battu Sharapova en trois confrontations , mais leurs affrontements remontaient à 2013 et 2014. Sans concéder la moindre balle de break, Muguruza a facilement empoché la première manche (6-2).

En Indonésie, un orang-outan sauvage tente de sauver sa forêt — Vidéo
Aujourd'hui, on estime la population mondiale de cette espèce de singes à 70.000 ou 100.000 spécimens. Entre 1999 et 2015, 100.000 d'entre eux sont morts, selon une étude publiée dans Current Biology .

Noble and Adrian send messages to West Ham teammate Manuel Lanzini
The seriousness of the injury also means Lanzini is likely to miss the opening games of the 2018-19 Premier League season. They will have a very challenging if not impossible task to get Lanzini fit in time to play at the start of the season.

French Open final preview & prediction: Simona Halep v Sloane Stephens
Stephens has made the second week in Paris in five of her seven appearances and Keys is slowly coming to terms with the surface. Two women who have won the title at Roland Garros, Maria Sharapova and Garbine Muguruza , play each other in the quarterfinals.

Trump to leave G7 summit early amid feud with Trudeau, Macron
Staffers working on the G-7 summit have reportedly started to joke that the meeting should be called the G6 plus one . Trump will skip out on G-7 meetings about climate change, clean energy and ocean protection.

Five golfers in Forbes highest paid athletes list
On the other hand, for the first time since 2010, women's athletes have not found their place in the list of 100 people. Last year, Kohli's earning through salary and winnings was $3 million while brand endorsements earned him $19 million.