FDI is rising, but not visibly in core ‘Make in India’ sectors

This piece originally appeared on Livemint.com

 

The last two years have seen a robust increase in inflows of foreign direct investment (FDI), particularly in the form of equity subscriptions. However, much of the increase is happening in the services sector, and not the manufacturing sector, which the government has made the centrepiece of its ‘Make in India’ campaign.

 

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