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Easier FDI, quick reforms on cards

More relaxations in foreign direct investment (FDI) and some ‘quick reforms’ to boost India’s business-ready image are likely to be on the new government’s agenda, a senior official said Saturday. “It is quite possible under the new government that we attempt further liberalisation of FDI of any pockets where there is potential,” secretary in the department for promotion of industry and internal trade (DPIIT) Rajesh Kumar Singh said at the CII annual business summit in […]

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Services exports may rise to $800 bn by 2030: Goldman Sachs report

India’s services exports are set to reach $800 billion by 2030 from $340 billion last year, making the external sector resilient to supply-side shocks and reducing the rupee volatility, according to Goldman Sachs report, ‘India’s rise as the emerging services factory of the world’. “Our baseline scenario suggests that services exports could reach around 11 percent of GDP by 2030 (versus 9.7 percent of GDP in 2023), which amounts to around $800 billion (compared to around $340 billion in 2023),” the Goldman

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Govt may liberalise FDI norms for space sector: DPIIT Secy

The government may liberalise foreign direct investment norms for the country’s Space sector, as it eyes further improvement in ease of doing business, a top official said on Friday. Presently, Foreign Direct Investment (FDI) in the Space sector is allowed up to 100 per cent in the area of Satellites-Establishment and Operations through government route only. While addressing a road-show event for the Vibrant Gujarat Summit to be held on January 10-12, 2024, the Department for Promotion

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India’s M&A deal value down 27% YoY in 2023, manufacturing sector to help drive M&A growth in 2024, says Deloitte

Amidst significant global challenges posed by high-interest rates, macroeconomic uncertainty, regulatory scrutiny, and geopolitical risks, India’s M&A landscape stood resilient in 2023 and the momentum is expected to remain steady in 2024 and beyond, as per the latest ‘India M&A Trends 2024’ report by Deloitte. M&A deal value in India was $136 billion in 2023, down 27 per cent from $186 billion in 2022. This contraction was 4 per cent, excluding the outliers, the 2022 HDFC and 2023 Jio

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Looking at further easing FDI norms in space sector: DPIIT secretary Rajesh Kumar Singh

New Delhi: The government is looking at further easing foreign direct investment (FDI) norms in the space sector to attract overseas players, a top official said on Monday. Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh said that huge scope is there for Saudi Arabian companies to invest in India in different sectors such as aviation, pharma, bulk drugs, renewable energy, food processing and agrti-tech. “There is tremendous

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