- India continues to remain at the top spot in attracting investments from foreign institutional investors.
- FIIs invested a whopping sum of $6.34 billion in Indian equities so far this year which is the highest among emerging markets. Next to India is Mexico attracting investment of $4.83 billion, followed by Brazil $4.63 billion, South Korea $4.40 billion and Taiwan $3.34 billion.
- IMF and World Bank forecasted India’s growth rate at 7.5% this year. World Bank predicted a GDP growth rate of 8% for India by 2017.
- The forecasts indicate that India will outpace China this year to become world’s fastest growing major economy and the gap will further widen in 2016.
HRIDAY (National Heritage City Development and Augmentation Yojana) scheme With an aim of preserving the heritage ...