Regulators

Services sector in I&B shows significant growth in FDI inflows: Economic Survey

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NEW DELHI: The services sector in the field of Information and Broadcasting earned $515.1 million as inflow of foreign direct investment between April and October of 2015-16.
 
According to the Economic Survey for 2015-16 presented to Parliament, this was in comparison to $255 million in 2014-15.
 
The figures also showed that the total FDI inflow between April 2000 and October 2015 was $4484.5 million in this sector. 
 
The largest growth was in computer software and hardware, going up from $2296 million in 2014-15 to $4122.5 in 2015-16 up to October 2015. Thus the total growth from April 2000 to October 2015 was $19139.8 million. 
 
The Survey said the government had made significant changes in the FDI policy regime in recent times to ensure that India remains an increasingly attractive investment destination.
 
In order to provide simplicity to the FDI policy and bring clarity on application of conditionalities and approval requirements across various sectors, different kinds of foreign investments have been made fungible under one composite cap. 
 
Significant FDI-related liberalisation has taken place in a number of sectors/areas of the economy including some services and service-related sectors like construction development, broadcasting, civil aviation, cash and carry wholesale trading, wholesale trading (including sourcing from micro and small enterprises [MSE]), single brand retail trading and duty free shops, private sector banking, and credit information companies.

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