FDI in computer software, hardware jumps threefold in 2020-21
3 years, 6 months ago

FDI in computer software, hardware jumps threefold in 2020-21

India TV News  

Foreign direct investment in computer software and hardware jumped over threefold to USD 26.14 billion during 2020-21 on account of significant growth in the country's technology space, according to data from the Department for Promotion of Industry and Internal Trade. The sector received USD 7.67 billion FDI in 2019-20 and USD 6.41 billion in 2018-19, the data showed. The computer software and hardware sector accounted for about 43 per cent in the total USD 59.63 billion foreign inflows that India attracted in 2020-21. However, FDI in the services sector and trading dipped to USD 5 billion and USD 2.6 billion during the last financial year, from USD 7.85 billion and USD 4.57 billion in 2019-20, respectively.

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History of this topic

China's FDI inflow rises 6% in November
1 week, 3 days ago

China's FDI inflow rises 6% in November

China Daily  

BEIJING -- Foreign direct investment in the Chinese mainland in actual use climbed 6 percent in November from the same period last year, the Ministry of Commerce said Saturday. From January to November, the actual use of FDI stood at 749.7 billion yuan, down 27.9 percent year-on-year. The proportion of actual use of FDI in high-tech manufacturing rose 0.3 percentage …

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors
1 week, 3 days ago

India achieves USD 1 trillion in FDI milestone | Top FDI sources and sectors

India TV News  

India has reached a historic milestone with foreign direct investment inflows surpassing USD 1 trillion since April 2000, according to the Department for Promotion of Industry and Internal Trade. Top FDI sources: Small nations lead the pack Mauritius and Singapore dominate Mauritius emerged as the largest contributor, accounting for 25 per cent of FDI inflows, closely followed by Singapore at …

India should not shy away from Chinese investment: Arvind Panagariya explains why
1 week, 4 days ago

India should not shy away from Chinese investment: Arvind Panagariya explains why

Live Mint  

India should remain open to investments from China like other developed countries like the United States and Germany, with an expectation from a handful of sectors, reported the news agency PTI on Thursday, December 12. The activities from which you want to exclude are relatively few because I don't see other countries restricting Chinese investment in large number of sectors,” …

India a key investment destination, FDI inflows cross $1 tn for 2020-24; 25% through Mauritius route
2 weeks ago

India a key investment destination, FDI inflows cross $1 tn for 2020-24; 25% through Mauritius route

Firstpost  

India received USD 177.18 billion from Mauritius, USD 167.47 billion from Singapore and USD 67.8 billion from the US during the period under review, as per the data Foreign direct investment inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country’s reputation as a safe and key investment destination globally. …

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25
2 weeks, 1 day ago

FDI inflows to India surpass $1 trillion, with overseas investment likely to gain momentum in FY25

Live Mint  

New Delhi, Dec 8 Foreign direct investment inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to the Commerce and Industry Ministry, since 2014, India has attracted a cumulative FDI inflow of USD 667.4 billion, registering an increase of …

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company
1 month, 1 week ago

India on track to increase its workforce to 457.62 million by 2028, says a new report by American software company

Hindustan Times  

India is on track to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, reflecting a net gain of 33.89 million workers, a report said on Wednesday. According to a report by American software company ServiceNow, emerging technology will transform talent across India's key growth sectors, generating 2.73 million new tech jobs by 2028. "AI will …

How FDI flows into India lost momentum
Trending News
1 month, 1 week ago

How FDI flows into India lost momentum

Live Mint  

Foreign portfolio investors were net sellers of Indian equities for nearly all of October, offloading shares worth ₹1.1 trillion. Data from India’s central bank shows that between April and August, net foreign portfolio flows into India totalled $10.3 billion, a steep drop from $22.9 billion in the same period last year. Read this | Mint Explainer: Why India's net FDI …

Trump 2.0 May Shift FDIs to US, But India’s Inflow Unaffected: SBI Report
1 month, 1 week ago

Trump 2.0 May Shift FDIs to US, But India’s Inflow Unaffected: SBI Report

Deccan Chronicle  

India could see a shift in foreign direct investment trends in the second term of Donald Trump as President of the United States, says a research report by State Bank of India.The report highlighted that under his first term Trump 1.0, the Trump administration made sweeping regulatory changes aimed at attracting investments back to the U.S., which impacted FDI inflows …

Maharashtra attracted half of the country's FDI in the first quarter of FY25, says Fadnavis
3 months, 2 weeks ago

Maharashtra attracted half of the country's FDI in the first quarter of FY25, says Fadnavis

Hindustan Times  

Mumbai: Maharashtra has secured half of India's foreign direct investment in the first quarter of the 2024-25 financial year, according to Deputy Chief Minister Devendra Fadnavis. Citing the quarterly report from the Department for Promotion of Industry and Internal Trade, Fadnavis revealed that Maharashtra attracted ₹70,795 crore, or 52.46% of the country's FDI. Citing the quarterly report from the Department …

FDI inflows rise 47.8 per cent to USD 16.17 billion in April-June 2024
3 months, 3 weeks ago

FDI inflows rise 47.8 per cent to USD 16.17 billion in April-June 2024

India TV News  

Foreign direct investment in India spiked 47.8 per cent to USD 16.17 billion in April-June this fiscal on healthy inflows in services, computer, telecom and pharma sectors, according to government data on Tuesday. FDI inflows were at USD 10.94 billion in April-June 2023-24. The data showed that overseas inflows in May rose to USD 5.85 billion and in June to …

India's share in global FDI plunges to 2.1 per cent in 2023 from 6.5 per cent in 2020
3 months, 3 weeks ago

India's share in global FDI plunges to 2.1 per cent in 2023 from 6.5 per cent in 2020

New Indian Express  

“The FDI inflows suggest three key corridors–Maharashtra-Gujarat in the West of FDI inflows during October 2019–March 2024; the Karnataka-Tamil Nadu-Andhra-Telangana belt in the South and the NCR region in the North. The proportion of FDI inflows to the services sector increased to 40.9 per cent during FY15-FY24 from 37 per cent during FY01-FY14. The states which have evolved their economic …

Roll out a red carpet for Chinese investment—but cautiously
4 months, 2 weeks ago

Roll out a red carpet for Chinese investment—but cautiously

Live Mint  

In 2021-22, India received its highest foreign direct investment inflow of $84 billion. Globally, one of the biggest FDI sources is China, which last year alone poured $148 billion into other economies, the world’s third highest, at a time when global aggregate FDI flows were falling. Of the cumulative FDI received since 2000, India approved only $2.5 billion from China, …

How best to attract FDI: Four pointers for an ‘investment-friendly charter’
4 months, 2 weeks ago

How best to attract FDI: Four pointers for an ‘investment-friendly charter’

Live Mint  

Prime Minister Narendra Modi called for the creation of an “investment-friendly charter’ during the ninth Governing Council Meeting of the Niti Aayog on 27 July. Drawing from successful investment models in China and Vietnam and feedback from various firms, we propose that an ‘investment-friendly charter’ should consider a four-step plan to make India a top global investment destination. In 2022, …

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023
4 months, 3 weeks ago

India's space tech sector grew 235% in 2 Years, secured $126 million in 2023

India Today  

India’s space tech sector is set for significant growth, driven by substantial government investment and strategic initiatives. According to Tracxn’s Space Tech Geo Report 2024, India’s growing Space Tech sector witnessed record-breaking funding of $126 million in 2023, a 7% increase from the $118 million raised in 2022 and a 235% increase from $37.6 million in 2021. Despite a global …

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30
5 months ago

Niti Aayog: India’s Electronics Output Can Reach $500 Billion by FY30

Deccan Chronicle  

Chennai: India can increase its electronics production five-fold to touch $500 billion by FY30, with $200 -$225 billion worth exports of both finished goods and components by becoming an integral part of the global value chain through focused policy interventions, finds Niti Aayog. However, the electronics sector has a very high participation in the global value chain with 75 per …

FDI inflows into India down to $28 billion in 2023: UN
6 months ago

FDI inflows into India down to $28 billion in 2023: UN

Deccan Chronicle  

Chennai: The FDI inflows into India saw a 43 per cent decline in 2023 at $28 billion, while the global foreign direct investments dropped 2 per cent to $1.3 trillion, as per the data of UNCTAD. FDI outflows from India also saw a dip of 8.7 per cent to $13,341 million against $14,618 million in 2022. At $621 billion, they …

India receives highest FDI from Singapore in 2023-24; Mauritius second biggest investor: Government data
6 months, 3 weeks ago

India receives highest FDI from Singapore in 2023-24; Mauritius second biggest investor: Government data

The Hindu  

India received the highest foreign direct investment from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5% due to global economic uncertainties, according to the latest government data. Though FDI from Singapore has dipped by 31.55% to $11.77 billion in 2023-24, India has attracted the maximum inflows from that country, the data showed. "Recently, …

India's FDI Equity Inflows Drop 3.49% in 2023-24
6 months, 3 weeks ago

India's FDI Equity Inflows Drop 3.49% in 2023-24

Deccan Chronicle  

With lower infusion in sectors like services, computer hardware and software, telecom, auto and pharmacy among others, foreign direct investment or FDI equity inflows in India declined 3.49 per cent to $44.42 billion in 2023-24, while the FDI inflows stood at $46.03 billion during 2022-23, according to the government data.Inflows during the period from January to March FY24, however, the …

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit
8 months ago

Indian finance ministry notifies 100% FDI for satellites ahead of Elon Musk's India visit

Firstpost  

Under these new guidelines, foreign investors can now invest up to 100 per cent of FDI into the sector, with 74 per cent being under the automatic route. This includes investments in satellite manufacturing and operations, the ground segment, user segment, as well as satellite data products India will now allow up to 100 per cent FDI investment in satellite …

Drop in FDI inflows mirrors global trend: Finmin
8 months, 3 weeks ago

Drop in FDI inflows mirrors global trend: Finmin

The Hindu  

The decline in India’s net foreign direct investment inflows, which have dropped almost 31% to $25.5 billion over the first ten months of 2023-24, is in line with the slowdown in such investments to developing countries, the Finance Ministry has said, while holding out hope for an uptick in investments this year. While overall global FDI flows rose 3% to …

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race
9 months, 2 weeks ago

India to invest $1.2 billion in AI infrastructure, startups; Ambani's Reliance to lead the race

Hindustan Times  

India will invest $1.2 billion in a wide range of artificial intelligence projects as the world's most populous country stakes a claim to the burgeoning sector. Junior minister Rajeev Chandrasekhar said the investment "will catalyze India's AI ecosystem and position it as a force shaping the future of AI for India and for the world". OpenAI chief executive Sam Altman …

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’
10 months ago

‘Opening up of space sector FDI will attract capital for start-ups, OEMs’

New Indian Express  

CHENNAI: Space sector players say the government’s move to further open up foreign direct investment will attract significant foreign capital which is crucial for the strategic sector. The long-pending demand for liberalisation of FDI norms in space companies has been addressed by the government on Wednesday with the amendment to the FDI policy. The changes would help the country to …

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments
10 months ago

GoI loosens FDI restrictions on India's private aerospace sector, wants to attract major investments

Firstpost  

The Government of India is loosening its FDA norms for private aerospace sector as it wants to attract major investments. Under the amended FDI policy, India now permits up to 74 per cent FDI under the automatic route in satellite manufacturing and operation The Government of India is loosening its FDA norms for private aerospace sector as it wants to …

India eases process for FDI in space sector, allows 100 per cent in making satellite components
10 months ago

India eases process for FDI in space sector, allows 100 per cent in making satellite components

India TV News  

In a significant move aimed at bolstering its position in the global space market, India has announced the easing of approval processes for foreign direct investment in its space sector. Private sector participation India has taken significant steps to privatise space launches, aiming for a substantial increase in its share of the global launch market. With projections suggesting the space …

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies
10 months ago

Centre announces 100% Foreign Direct Investment in Space sector, move expected to attract potential investors to Indian space companies

Op India  

In a significant move, the Modi government has announced 100% Foreign Direct Investment in the space sector. The Union Cabinet approved the amendment in the FDI policy on the space sector dividing the satellites sub-sector into three different activities with defined limits for foreign investment in each such sector. The Centre stated that the proposed reforms will liberalize the FDI …

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable
10 months, 2 weeks ago

RBI Governor Shaktikanta Das: CAD for 2023-24, 2024-25 to be eminently manageable

The Hindu  

“With India’s current account deficit declining sharply to 1% of GDP in Q2:2023-24 from 3.8% in Q2:2022-23,” RBI Governor Shaktikanta Das on February 8 said going ahead, the net balance under services and remittances would remain in large surplus, partly offsetting the trade deficit. Moreover, with around 10.2% share in world telecommunications, computer and information services exports, India is a …

Budget focus on BITs is good for the Indian economy
10 months, 2 weeks ago

Budget focus on BITs is good for the Indian economy

Hindustan Times  

An important element in the budget speech of Union finance minister Nirmala Sitharaman was that India is negotiating bilateral investment treaties — treaties that reciprocally protect and promote foreign investment under international law — to encourage foreign investment inflows to India. Niti Bhasin and Rinku Manocha in their 2016 paper, consider the impact of BITs on FDI inflows in India …

Consistent Decline in FDI Worrying, Deeper Assessment of India’s Prospects Needed - News18
1 year ago

Consistent Decline in FDI Worrying, Deeper Assessment of India’s Prospects Needed - News18

News 18  

India’s GDP grew by 7.6 per cent in the second quarter of the year, a positive sign of economic growth. Even the overall FDI inflows in 2022-23 witnessed a 16 per cent decline, standing at $71.3 billion from $84.8 billion in 2021-22. During January-September of this year, FDI in Vietnam increased by approximately 8 per cent compared to the same …

Increase Investment in India, Goyal tells Corporates
1 year ago

Increase Investment in India, Goyal tells Corporates

Deccan Chronicle  

New Delhi: As India’s focus on infrastructure is empowering the economy and giving it a fillip, Union commerce minister Piyush Goyal on Friday urged the corporate to increase investments in India as the country was "at a sweet spot" with massive development of infrastructure driving the economy. The stock market is also hitting a 4 trillion mark for the first …

₹7,553-crore FDI in 4 yrs: Punjab at 12th spot, but behind Haryana
1 year, 3 months ago

₹7,553-crore FDI in 4 yrs: Punjab at 12th spot, but behind Haryana

Hindustan Times  

Chandigarh : Punjab has received a cumulative foreign direct investment of ₹7,552.89 crore in the last four years. Punjab has received a cumulative foreign direct investment of ₹ 7,552.89 crore in the last four years The state is at the 12th place in the country in attracting FDI and accounts for 0.5% of the inflows of ₹15.08 lakh crore from …

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing
1 year, 4 months ago

India imposes import curbs on laptops, tablets, PCs to boost local manufacturing

Deccan Chronicle  

New Delhi: The government on Thursday imposed import restrictions on laptops, tablets, and certain type of computers with immediate effect, a move that will curtail inbound shipments of these goods from countries like China and boost domestic manufacturing. “Import of laptops, tablets, all-in-one personal computers, and ultra small form factor computers, servers. “Exemption from import licensing requirements is provided for …

T.N.’s foreign direct investment inflows fell 27.7% to $2.17 billion in 2022-23
1 year, 4 months ago

T.N.’s foreign direct investment inflows fell 27.7% to $2.17 billion in 2022-23

The Hindu  

Tamil Nadu’s Foreign Direct Investment inflows declined 27.7% to about $2.17 billion in the financial year 2022-23 from $3 billion in 2021-22, as per data shared in Parliament recently. Many other key States, except for Gujarat, have India’s FDI inflows as a whole, declined 16.34% to $70.97 billion in 2022-23 from $84.84 billion in 2021-22, as per the provisional figures …

Quantum jump in FDI inflow into Andhra Pradesh in 2022-23
1 year, 5 months ago

Quantum jump in FDI inflow into Andhra Pradesh in 2022-23

The Hindu  

The Foreign Direct Investment inflow to Andhra Pradesh has registered a quantum leap from $85.85 million in 2020-21 to $224.96 million and $284.22 million in 2021-22 and 2022-23 respectively, according to Union Minister of State for Industry and Commerce Som Parkash. Mr. Som Parkash stated that the FDIs included equity inflow, equity capital of unincorporated bodies, and reinvested earnings and …

From jet engines to RPAS: How US is sharpening India’s edge in defence
1 year, 5 months ago

From jet engines to RPAS: How US is sharpening India’s edge in defence

Hindustan Times  

The upcoming mega deals with the United States for jet engines and weaponised remotely piloted aircraft systems have turned the spotlight on the US’s role in equipping the Indian military with modern weapons and systems, the capability boost it has provided to the armed forces, and the country’s attempts to diversify its arms purchases, officials aware of the matter said …

UAE emerges as fourth largest investor in India in FY-23
1 year, 6 months ago

UAE emerges as fourth largest investor in India in FY-23

The Hindu  

The United Arab Emirates, with which India implemented a Comprehensive Economic Partnership Agreement in May last year, has emerged as the fourth largest investor in India during 2022-23, according to government data. "The rapidly strengthening of bilateral ties and investment cooperation between India and UAE can be chiefly attributed to the strong bilateral relations between India and UAE, growth in …

Net FPI inflows stand at USD 8.4 billion during current financial year: RBI gov
1 year, 6 months ago

Net FPI inflows stand at USD 8.4 billion during current financial year: RBI gov

Live Mint  

The Reserve Bank of India governor Shaktikanta Das on Thursday said that the net Foreign portfolio investment inflows stand at USD 8.4 billion during the current financial year upto June 6 as against net outflows in the proceeding two years where USD 14.1 billion in 2021-22 and 5.9 billion in 2022-23. The net FPI inflows stand at USD 8.4 billion …

Internet economy to become 12–13% of GDP by 2030: Report
1 year, 6 months ago

Internet economy to become 12–13% of GDP by 2030: Report

The Hindu  

India’s internet economy — B2C e-commerce firms, online service providers, ed-tech companies, and so on — will hit $1 trillion in value by 2030, up from $175 billion in 2022, a report by Google, Bain & Company and Temasek estimated. The key thrust would come from “Tier 2+ locations,” the report said, emphasising smaller towns and rural areas, where the …

FDI declines 16 per cent in financial year 2023, first y-o-y contraction in decade
1 year, 6 months ago

FDI declines 16 per cent in financial year 2023, first y-o-y contraction in decade

India TV News  

FDI declines: Gross foreign direct investment flows, for the first time in a decade, declined on an annual basis in 2022-23 to USD 71 billion mainly due to a slowdown in the global economy, according to the RBI data. The previous year-on-year contraction in FDI was in 2012-13 when the inflows declined by 26 per cent to USD 34.298 billion. …

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India
1 year, 10 months ago

Chips down on India: From Foxconn to TSMC, semiconductor giants are betting big on India

Firstpost  

Foxconn and Vedanta are already setting up their semiconductor fabricating plant in India and will invest $19.5 billion. However, other chip giants like TSMC, PSMC, Renesas Electronics, Intel and AMD are also looking for ways to set up factories in India. Ever since news N Chandrasekaran - chairman of the Tata group, announced that Tata Electronics will set up an …

Healthy economic growth of India, more FDI equity inflow in 2023, say experts
1 year, 11 months ago

Healthy economic growth of India, more FDI equity inflow in 2023, say experts

Live Mint  

Despite the Russia-Ukraine war, US monetary policy, and other global uncertainties, the Indian economy is projected to remain healthy. India may attract the eyes of overseas investors in 2023 as well on account of measures such as the rollout of the production-linked incentive schemes and the projection of healthy economic growth. As per the latest figures of the government, India …

New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy
2 years, 1 month ago

New Era Beckons For Space Sector In India: Deep Space Startups Set To Boost Space Economy

ABP News  

India is ushering in a new era in space, due to the efforts of the Indian Space Research Organisation, reforms in the commercial space sector, and the emergence of deep space tech startups. Role of space tech startups and private sector in the Indian space economy Dr Sudheer Kumar, Director, Capacity Building Programme Office, ISRO, said that startups can take …

India is on track to attract USD 100 bn FDI this fiscal: Govt
2 years, 3 months ago

India is on track to attract USD 100 bn FDI this fiscal: Govt

India TV News  

Highlights India is on track to attract USD 100 billion foreign direct investment in the current fiscal In 2021-22, the country received the "highest ever" foreign inflows of USD 83.6 billion FDI equity inflows in India dipped by 6 per cent to USD 16.6 billion during April-June period India is on track to attract USD 100 billion foreign direct investment …

India Inc's Overseas Direct Investment Drops 59% at $1.03 Billion in August: RBI Data
2 years, 3 months ago

India Inc's Overseas Direct Investment Drops 59% at $1.03 Billion in August: RBI Data

News 18  

India Inc’s investment in their overseas ventures dropped by 59 per cent on an annual basis to $1.03 billion in August this year, data from Reserve Bank showed on Friday. The RBI data on Outward Foreign Direct Investment for August 2022 showed that the total financial commitment by the domestic firms was worth $1,027.67 million in August 2022-23. Among the …

China's FDI inflow up 17.4% in H1
2 years, 4 months ago

China's FDI inflow up 17.4% in H1

China Daily  

Xinhua| Updated :2022-08-02 Foreign direct investment into the Chinese mainland, in actual use, expanded 17.4 percent year-on-year to 723.31 billion yuan in the first half of the year, the Ministry of Commerce said Friday. Specifically, foreign investment in high-tech manufacturing rose 31.1 percent, while that in the high-tech service sector jumped 34.4 percent. The service industry received 537.13 billion yuan …

India received highest ever FDI inflow of over Rs 6 crore in FY 2021-22
2 years, 4 months ago

India received highest ever FDI inflow of over Rs 6 crore in FY 2021-22

Firstpost  

The increase in FDI inflows is a result of the measures taken by the Government on FDI policy reforms, stated the official statement New Delhi: India received its highest ever Foreign Direct Investment inflow of Rs 6,31,050 crore in Financial Year 2021-22 said Som Parkash, Minister of State in the Ministry of Commerce and Industry. The FDI Equity inflow in …

Manufacturing sector gets $21 bn FDI in FY22, increases by 76% YoY
2 years, 4 months ago

Manufacturing sector gets $21 bn FDI in FY22, increases by 76% YoY

Business Standard  

The manufacturing sector attracted foreign direct investments worth USD 21.34 billion in 2021-22, an increase of 76 per cent year-on-year, the commerce ministry said on Thursday. It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce. "FDI equity inflows in the manufacturing sectors …

Manufacturing sector gets $21bn foreign direct investment in FY22
2 years, 4 months ago

Manufacturing sector gets $21bn foreign direct investment in FY22

The Hindu  

The manufacturing sector attracted Foreign Direct Investments worth $21.34 billion in 2021-22, an increase of 76% year-over-year, the Commerce Ministry said on July 28. It said the government has implemented several reforms under the FDI policy regime across sectors such as insurance, defence, telecom, financial services, pharmaceuticals, retail trading, and e-commerce. "FDI equity inflows in the manufacturing sectors have increased …

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom
2 years, 6 months ago

AI Adoption Could Add $500 Billion to India's GDP By 2025: Nasscom

News 18  

The adoption of artificial intelligence and data utilisation strategy can add $500 billion to India’s GDP by 2025, a new Nasscom report showed on Thursday. The AI adoption in four key sectors — BFSI, consumer packaged goods and retail, healthcare, and industrials/automotive — can contribute 60 per cent of the total $ 500 billion opportunities, according to “AI Adoption Index” …

Govt Of India's IT Spending To Reach $9.5 Billion This Year: Report
2 years, 6 months ago

Govt Of India's IT Spending To Reach $9.5 Billion This Year: Report

News 18  

The government IT spending in India is likely to reach $9.5 billion in 2022, an increase of 12.1 per cent from last year, a new report said on Monday. Now, governments are executing innovative activities by harnessing technology to streamline digital services, advance automation processes and evolve citizen experiences and building a data fabric. As legacy modernization continues to be …

India among top 10 global economies for FDI in 2021: UN report
2 years, 6 months ago

India among top 10 global economies for FDI in 2021: UN report

India TV News  

Foreign Direct Investment inflows to India declined USD 19 billion to USD 45 billion in 2021 but the country still remained among the top 10 global economies for FDI last year, the United Nations said on Thursday. According to the United Nations Conference on Trade and Development World Investment Report, flows of foreign direct investment recovered to pre-pandemic levels last …

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