Relaxing the FDI Policy – Attracts Mauritius investors to India!
During the first half of 2016-17, the FDI revenue grew by 30% to over USD 21.62 billion.
"Ease of doing business and relaxation in the FDI policy are helping attract more and more FDI. The recent easing in sectors like civil aviation and construction will help in attracting more overseas funds," the official added.
The sectors that have received maximum inroads in terms of investment and trading are in the industry of computer software and hardware, trading business, automobile industry and chemicals.
India has the largest Diaspora in the world, with a whopping numbers of 15 million people living out the India.
India mainly receives FDI from Mauritius. Other countries which contribute to the FDI inflow are Singapore, Netherlands and Japan
When Narendra Modi was there in Mauritius last time, he emphasized on developing and nurturing the cultural heritage of India. He started his second day, by doing the Ganga puja and carried on the business of the government. Such a dynamic and active leader is very much required for the country and this man who is heading PMO is making sure that it happens.
And the twitter went havoc on this news recently.
Overall FDI into India grew by 8 per cent year-on-year to $24.3 billion in 2013-14.
There has been a huge debate on the social media on who Mauritius is contributing in a huge way to growth of Indian Economy on QUORA. You definitely need to go through this: