The Basic Gateway to ICT Solutions Mr. Michael Fun, the Chief Executive of Basic Gateway, talks about how his company is working towards enhancing ICT security and network connectivity through strategic partnerships.
19th November 2009, Perdana Ballroom, Putrajaya International Convention Center, Putrajaya.
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Finance And Economics
Foreign investors returning to India
After less than impressive results in 2008 when the financial crisis caused a dip in investments, foreign direct investments (FDIs) and foreign indirect investments (FIIs) are flowing back to India. According to reports from the Reserve Bank of India, FDI inflows rose by 40.4% year-on-year in August or US$3.27b as compared to US$2.3b in the same month last year. This increase follows a 55% increase year-on-year in July when FDIs surged to US$3.5b from US$2.25b in 2008.
The improved conditions came after two straight months of declining FDIs during the first two months of the financial year. In April, investments fell by 37% year-on-year while the fall was even harder in May when they dropped by 46%. However, a 7% increase in June stopped the slide and it looks like India is once again regaining its charm for foreign investors.
According to analysts, the three consecutive months of investment increases point to signs that the Indian economy is on the rebound. Further indicators from the RBI which give credit to this theory include a surge in factory output by 10.4% year-on-year in August, as well as a 56.15% increase in portfolio investment in the same month.
