Policy Initatives in FDI in INDIA
Policy Initatives in FDI in INDIA
priority for the government as well for the welfare of the country. Trade and political stability also playing main role in effecting the FDI in retail of Indian economy. Capacity absorptive of institutional is one of the biggest opportunity given by the government to the economy growth of country. When foreign country directly invest on retail, the money exchange rate will promotes growth in Indian economy. Infrastructure and the size of the domestic market are both root of the economy tree. On 1st April, 2010 Indian Government has released the FDI policy document, this lead the government to to allowed the Foreign Investment promotion Board (FIPB) to settle US258.3 million of Foreign Direct investment appeal. US$129.2 million valued appeal was the earliest one which was in the Cabinet Committee of Economic Affairs (CCEA) for the further approval. This will boost the FDI inflow. According to present data of DIPP, there are few countries were invest in India retail economy. On 2010 April, about US$568 million was invested by Mauritius in India. In Asia Singapore invested around US$434 million and followed by Japan invested around US$327 million. This are the solid prove that there are few revolution in character of capital flow to in India in present years in it shows how drastically it at increased. One of the major twist in this flow is increased drastically by maintenance of the Double Tax Avoidance Agreements (DTAA) with 70 countries of the entire world, this indirectly increased the flow of FDI in India. There are 7 countries from Bilateral Investment Treaties (BITS). In Aisia there were 16,middle East 9, and from Africa was 4,and 1 from Latin America, these countries are few countries which is included. Apart from the develop countries where are 27.