FDI Estimate

FDI in India is expected to be 12 billion $ according to the commerce minister Kamal Nath. Last year it was 7.7 billion $ and this year in the first two quarters it is doubled from 2.2 Billion dollars last year to 4.4 billion $ this year. But this is peanuts considering that the NRI's of India have a Investible surplus of 360 billion $ which they are reluctant to part with in favour of India. Pathetic state of affairs.
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