
5 states bagged 88% of FDI past 3 fiscals
Among sectors, the software industry has received the maximum 23% of the total followed by the services sector
Among sectors, the software industry has received the maximum 23% of the total followed by the services sector
The three primary assets to capitalise on this opportunity are potential for significant domestic demand, govt’s drive to encourage manufacturing and young workforce.
Merger deals in the financial year 2021-22 hit the lowest level in 8 years.
The rate of expansion for December was “historically sharp” and “strongest” since May 2022 on robust improvement, says S&P India report.
Foreign direct investments (FDI) are still highly skewed in terms of states and sectors.
The country's manufacturing sector continued to perform well in November.
The rating agency says that the deployment of capex is expected to pick up only in FY24 for more than 80% of the invested projects such as semiconductors.
The existing average capacity utilisation in manufacturing is more than 70%.
The country’s manufacturing PMI surged to 55.3 in October, as compared to 55.1 in September, thus indicating a stronger improvement in the health of the sector.
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.