Rating Agency Moody praises the Prime minister Mr.
Narendra Modi initiative of “ Make In India”. Moody states that FDI inflow have
more than CAD for the first time since 2004.
CAD is the acronym for Current Account Deficit.
A country is known to be facing a CAD when the value of
its imports is greater than the value of its exports. January 2016 witnessed
the highest FDI as $3 Billions. The
other initiative started by government as Development of Industrial Corridors,
Development of manufacturing zones and smart cities will definitely boosts up
the FDI in near future. Manufacturing sectors will really grow up by
these FDIs.
The
agency expects FDI inflow to continue to rise and provide stable source of
financing of current account deficit.
Keep reading ..........
No comments:
Post a Comment