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The FDI direct investment has dipped by 3% in 2013 in India. India will need US$ 1 trillion in the 12th Five Year Plan period to fund infrastructural growth.
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March 31, 2014; NEW DELHI: According to the official data, FDI (Foreign Direct Investment) has gone down by 3% to 22.3 billion US$ in 2013 in India. US$22.78 billion of FDI was attracted by India in 2012 as per the data given by DIPP (Department of Industrial Policy and Promotion).Â
The sectors which attracted foreign investment in 2013 are service, automobiles, pharmaceuticals, construction development, computer software and hardware, telecommunications, chemicals and power. Singapore, Mauritius, the Netherlands, the UK, Germany, Japan, UAE and France are the countries that invested in India during the year.Â
As the government has allowed more sectors to enter foreign investments in 2013, Tesco (UK's largest retailer), Singapore Airlines and Etihad come up to invest in India. FDI norms have been relaxed by the government in almost a dozen sectors including defence, telecom, commodity bourses, PSU oil refineries, stock exchanges and power exchanges.Â
Uk retail major Tesco has submitted its application towards the close of the year for investing US$ 110 million to start a supermarket chain with Tata Group's Trent.Â
For the funding of infrastructure growth covering sectors like airports, ports and highways, India will require US$ 1 trillion in the 12th Five Year Plan period i.e. between 2012-13 and 2016-17. The rupee that had depreciated to 68.75 against the US dollar on 28th August last year would get hurt by a decline in FDI. The rupee has strengthened since then to about 60 levels.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Past 10 Years' annualised returns as on 01-12-2024
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).
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Become a Crorepati
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