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.
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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.
We are responsible for these figures. Some incidents in previous past has demoralized foreign investors to invest in India. Our government has always keep it on top priority to attract foreign investors but on other hand we are also forcing them to leave. Issues like Vodafone, 2G spectrum , and stopping FDI in retail market etc. have discouraged investors to invest in Indian market.
Just saw a news coverage over financial crisis in Greece. people are unanimously blaming politicians in wasting away the money. greeece took billions in loans for the 2004 olympics.The stadiums and venues which were made for the Olympics are in shambles and of no use today. People fear the same for Indian government spending tax-money into F1 tracks, commonwealth games and then begging to the world bank. Indian government is not working for creating jobs or industries ,but just charging commisions and bribes from multinationals to come in and invest money. Indian working class is working hard and sweting under price rise with no relief. The only relief coming from govt. is for the vote banks.