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Foreign Direct Investment punched by Recession in 2009

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Recession is hampering Indian economy. The foreign investments were choked due to this in the year 2009. The investments have dipped by 27 percent to $22 billion from $30 billion in the previous year. As per the source of www.propertykhazana.com, the total flow of foreign investment in the year 2001 crossed the $150 billion mark.
Though there was a slowdown in fund flow and FDI became the center of perplexity among various Indian companies regarding ownership. However, the banks like HDFC and SBI stressed on the fact that the ownership of these companies are done by Indian management. According to www.propertykhazana.com, they are encouraging more foreign investment; center is simplifying rules to obtain it. The insurance bills needs to be approved by parliament.
The current bill will raise the bar of foreign direct investment in the insurance sector from 27 percent to 50 percent. This will also see the growth and development of Organization of economic cooperation and development and most of the firms like Tesco, Wal-Mart asking India to open this sector for FDI. For more interesting updates, please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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