Government of India yesterday released the amount of Foreign Direct Investment received by India in Financial Year 2011-12. In last 2 years, FDI had show significant drop as compared to 200-09 when flow of foreign money in India was at its peak.
In FY 2011-12, FDI increased by 46.4 percent to USD 28.4 billion as compared to 19.4 Billion in previous Year.
Although, some of the policies like GAAR have not been exactly investor friendly, Indian Government has been coming up with policies to make India investor friendly. Initiatives like implementation of the eBiz Project, a Mission Mode Project under the National e-Governance Project, to provide an online single window to investors & businesses for registrations, filing, approvals, clearances etc will increase FDI coming into India.
These Initiatives are expected to create a business and investor friendly ecosystem in India by making all business and investment related regulatory services across Central, State and Local governments available on a single portal, obviating the need for the investor or the business to visit multiple officers or a plethora of websites.