NRI Real Estate and Property Investment in India
 |  WWW.NRIREALTYNEWS.COM
 
FDI Performance Report: Quantitative Improvement, states RBI
Friday, June 01, 2007

Foreign direct investment to India during 2006-07 trebled over the last year, the RBI announced yesterday. FDI accounted for USD 17.1 billion of a total of USD 27.3 billion of capital inflows during the year.

Capital inflows include FDI, External Commercial Borrowings (ECBs), NRI remittances and portfolio investments. During 2006-07, FDI put up a good performance, bringing in equity capital, re-invested earnings and inter-corporate debt transactions.

The RBI report on Currency and Finance says that the swelling FDI figures are a sign of the confidence foreign investors have reposed in the Indian economy.

The liberalisation of the Government’s FDI policies has contributed to the surge in foreign investment in equal measure.

India’s Commerce Minister Kamal Nath had announced the previous day that the government is expecting FDI worth USD 30 billion in the current fiscal year, 2007-08 India’s external debt, however has also gone up by USD 16.2 billion over last year, touching USD 142.7 billion by December 2006.

The rising ECBs, NRI deposits and short-term credit have largely been responsible for this increase.

Related Readings

Lock-In Period for FIIs in Indian Real Estate
Outbound FDI Likely to Outshine Inbound FDI
23 FDI proposals meet Indian Government Approval
FDI in India Projected to Double Over in 2007-08
Curbs in FDI in Indian Real Estate
RBI Likely To Review FDI and FII Sectoral Caps

Add to your Social Bookmarks:
ADD TO DEL.ICIO.US ADD TO DIGG ADD TO FURL ADD TO NEWSVINE ADD TO NETSCAPE ADD TO REDDIT ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES ADD TO SQUIDOO ADD TO WINDOWS LIVE ADD TO YAHOO MYWEB ADD TO ASK ADD TO GOOGLE  

Related Websites
Real Estate Investment Seminar in Virginia
Register for our free Real Estate Investing Seminar. Learn about Real Estate Investment firms in Maryland, Real Estate Investors Clubs.
RVs for sale
RVs for sale & used RVs at RVListingsOnline.com - the #1 portal for used RVs.
Fiberglass Pools
Fiberglass pools by Blue Hawaiian Fiberglass Pools  – 66 award winning pools.
Real Estate Investing Virginia
Maryland Real Estate Secrets is the premier Real Estate Investing Training Program in the Maryland, Washington DC and Virginia area.
 

 

Return to India

NRI INSURANCE

NRI SERVICES

 

Indian Cities Guide

DELHI   NOIDA   GHAZIABAD
         
GURGAON   MUMBAI   AHMEDABAD
         
KOLKATA   CHENNAI   HYDERABAD
         
BANGALORE   PUNE   CHANDIGARH
         
..More cities »
NRI Communities in Different Countries  
Indian Embassies & Consulates in Different Countries
 
NRI Newsletters  
NRI Feeds - Syndications