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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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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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Insurance sector attracted Rs 54,000 crore FDI in last 9 years: Financial Services Secretary Vivek Joshi

The insurance sector has received close to Rs 54,000 crore as foreign direct investment (FDI) in the last 9 years on the back of further liberalisation of overseas capital flow norms by the government, Financial Services Secretary Vivek Joshi has said. The government increased the permissible FDI limit from 26 per cent in 2014 to 49 per cent in 2015 and then to 74 per cent in 2021, he told PTI in an interview. However, he said, the permissible

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