Higher FDI an unrealistic expectation: CII study
The Economic Times, April 13, 2009, Page 9
LONDON: In view of the global economic downturn, expectation of high level of foreign direct investment (FDI) into India would be unrealistic, industry body CII said in a report. Similarly, foreign institutional investor (FII) investments would be minimal, perhaps, nil, the Confederation of Indian Industries (CII) said in a study titled ‘Global Economic Crisis: India’s Recovery’. The industry body said India must depend on domestic resources to support investment in infrastructure, agriculture, industry and services sectors. “Net FII investment by February this year was $51 billion at book value. India needs to plan on the basis of a steady fall,” the study pointed out.
The Economic Times, April 13, 2009, Page 9
LONDON: In view of the global economic downturn, expectation of high level of foreign direct investment (FDI) into India would be unrealistic, industry body CII said in a report. Similarly, foreign institutional investor (FII) investments would be minimal, perhaps, nil, the Confederation of Indian Industries (CII) said in a study titled ‘Global Economic Crisis: India’s Recovery’. The industry body said India must depend on domestic resources to support investment in infrastructure, agriculture, industry and services sectors. “Net FII investment by February this year was $51 billion at book value. India needs to plan on the basis of a steady fall,” the study pointed out.
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