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.
Indian Economics thread.
- Thread starter styx
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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
Doesn’t seem like the FDI is edible.
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.
broadsword
Brigadier
Top Singapore investors in India are Temasek Holdings and GIC. They invest mostly in existing companies and real estate.
If I am not wrong, China’s economy is five times the size of India’s.
Oops sorry. Yes you are right, I somehow used Japan's gdp.
Yes their gdp should be 3 trillion by the end of 2021
It is approaching 6 times, depending on which organisation you are referencing.
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.
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.
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