{"id":296,"date":"2019-09-26T09:54:43","date_gmt":"2019-09-26T09:54:43","guid":{"rendered":"http:\/\/www.assetmultiplier.co.in\/blog\/?p=296"},"modified":"2019-10-03T11:11:25","modified_gmt":"2019-10-03T11:11:25","slug":"india-should-aim-to-become-largest-fdi-recipient-ravi-shankar-prasad","status":"publish","type":"post","link":"https:\/\/www.assetmultiplier.co.in\/blog\/2019\/09\/26\/india-should-aim-to-become-largest-fdi-recipient-ravi-shankar-prasad\/","title":{"rendered":"India should aim to become largest FDI recipient: Ravi Shankar Prasad"},"content":{"rendered":"\n<p><strong>Update&nbsp;on the Indian Market:<\/strong><strong><\/strong><\/p>\n\n\n\n<p>On Wednesday, Indian stock markets fell sharply. Sensex declined over 500 points\n(-1.29%) while NIFTY fell nearly 150 points (1.28%) and breached the 11,450\nmark. Nifty Midcap and Smallcap indices plunged&nbsp;2&nbsp;% each. All\nsectoral indices, except IT, traded in the red on NSE, led by Nifty Auto (-3.84%)\nand Nifty Realty (-3.1 per cent). Biggest Nifty losers were SBI and Tata\nMotors, each of which was down over 6%. Other major losers included Maruti\nSuzuki, M&amp;M, HDFC and Tata Steel.<\/p>\n\n\n\n<p><strong>India should aim to become\nlargest FDI recipient: Ravi Shankar&nbsp;Prasad<\/strong><\/p>\n\n\n\n<p><span style=\"text-decoration: underline;\">Key takeaways from the interview of Mr&nbsp;Ravi Shankar Prasad,&nbsp;Communications and IT minister<\/span><\/p>\n\n\n\n<ul><li>Communications and IT minister Ravi Shankar Prasad&nbsp;expressed\nthat India should aim to become the largest foreign direct investment (FDI)\nrecipient globally as the country offers a huge market and investor-friendly\npolicies. <\/li><li>With the recent announcements on tax-relief\nfor manufacturing, India is now at par with the tax regime of countries like\nVietnam and Thailand. <\/li><li>He also mentioned that country offers a huge\nmarket for companies like Apple and others to make for India and export while\nadding that the far-reaching decisions taken by Government of India has also\nbeen heard by Apple. Apple has started production in India in a very effective\nway. <\/li><li>He assured that he will make his team open and\naccessible for foreign investors as we need investments. <\/li><li>The minister said India has become the 5th\nlargest economy globally and FDI has seen a jump over the last few years and\ngrossed USD 64 bn in FY19. <\/li><li>Telecom sector attracted FDI worth USD 2.67\nbn, and in electronics, computer software and hardware, the amount stood at USD\n6.4 bn. <\/li><li>He further said India has been leveraging\ntechnology not just for benefits to economy and commerce but also digital\nempowerment.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Update&nbsp;on the Indian Market: On Wednesday, Indian stock markets fell sharply. Sensex declined over 500 points (-1.29%) while NIFTY fell nearly 150 points (1.28%) and breached the 11,450 mark. Nifty Midcap and Smallcap indices plunged&nbsp;2&nbsp;% each. All sectoral indices, except IT, traded in the red on NSE, led by Nifty Auto (-3.84%) and Nifty Realty [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[20],"tags":[26,23,24],"_links":{"self":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/296"}],"collection":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/comments?post=296"}],"version-history":[{"count":3,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions"}],"predecessor-version":[{"id":306,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/posts\/296\/revisions\/306"}],"wp:attachment":[{"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/media?parent=296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/categories?post=296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.assetmultiplier.co.in\/blog\/wp-json\/wp\/v2\/tags?post=296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}