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FDI inflows to India may cross $100 billion in 2022-23: Centre

Inflow of foreign direct investment (FDI) to India is expected to surge to a record $100 billion in the current financial year helped by the Make-in-India initiative and steps taken by the government to improve the country's ranking in ease of doing business.

Engineering goods exports to China, EU fall on demand slowdown

Continuing the downtrend, engineering goods exports to China nosedived over 70 per cent in August 2022 to $173.7 million as compared to $619.5 million in the same month last year. As per EEPC India analysis, engineering exports to the European Union (EU) fell 27.3 per cent year on year to $1.47 billion.

‘Make in India’ completes eight years, annual FDI nearly doubles to $83 bn

Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India', the flagship scheme of the government to facilitate investment and foster innovation, completed eight years. As per the Ministry of Commerce and Industry, FDI inflows stood at $45.15 billion in 2014-2015. The year 2021-22 recorded the highest ever FDI at $83.6 billion.