I don't know what maths school you went to. But at nearly half as much as China's. I wouldn't say it's close.Tbh India's FDI numbers are quite surprising. Around 80 billion is no joke, that is quite close to China's 150 billion.
I don't know what maths school you went to. But at nearly half as much as China's. I wouldn't say it's close.Tbh India's FDI numbers are quite surprising. Around 80 billion is no joke, that is quite close to China's 150 billion.
I assume its on proportion of the size of the economiesI don't know what maths school you went to. But at nearly half as much as China's. I wouldn't say it's close.
Tbh India's FDI numbers are quite surprising. Around 80 billion is no joke, that is quite close to China's 150 billion.
I assume its on proportion of the size of the economies
China has 3x India's gdp but "only" ~2x the FDI
Obviously it is difficult to compare FDI because AFAIK India has opened up some industry sectors (and downsized SOEs) so FDI is flowing on this "new" territory
But yes, India's FDI is impressive and it seems that their most investment is coming from Singapore
If I am not wrong, China’s economy is five times the size of India’s.I'm aware of that. And actually, China's GDP is more like 4 times as big. But It all depends how you want to measure it. By FDI per capita. It's not even close compares to China's. And in absolute term is still piss poor.
Granted, they are doing better than they were. But by calling it close it's a bit far fetched in any case it all depends on the quality of the FDI, and of course, by defination, we won't know that until returns start pouring in.
Oops sorry. Yes you are right, I somehow used Japan's gdp.If I am not wrong, China’s economy is five times the size of India’s.
It is approaching 6 times, depending on which organisation you are referencing.Oops sorry. Yes you are right, I somehow used Japan's gdp.
Yes their gdp should be 3 trillion by the end of 2021
The devil is in the details. Out of that $80bn , Reliance company alone accounted for $15bn all because of equity deals with Facebook, Google and others. Vast majority of FDI is in IT sector which no longer creates the jobs it used to.Tbh India's FDI numbers are quite surprising. Around 80 billion is no joke, that is quite close to China's 150 billion.
The US is making sure that India will never have cyber sovereignty, they will try to make India a China v2.0 but they will make sure no mistakes are made. Its always weird to see those far right nationalist doing everything they can to sell out their nation to the west.The devil is in the details. Out of that $80bn , Reliance company alone accounted for $15bn all because of equity deals with Facebook, Google and others. Vast majority of FDI is in IT sector which no longer creates the jobs it used to.
The critical job generating sectors received low FDI - Infrastructure ($7.87 billion) and services sector ($5 billion).
So all this FDI means nothing if people aren't directly benefitting from it.