Asserting that the Indian economy is well-poised to take off, Union minister Piyush Goyal on Thursday said there is a lot of enthusiasm for making investments in the country.
Speaking at a session at the World Economic Forum (WEF) annual summit here, the Commerce and Industry Minister also said the government will hold discussions with Britain and European Union on free trade agreements. Britain is set to leave the European Union by end of January.
“… things have once again started showing an uptrend… economy is well poised to take off from here,” Goyal said. According to him, the enthusiasm to make investments in India is infectious.
At least four or five companies have said that more than 50 per cent of their total workforce would operate out of India in the coming years. Some of them are big names, he noted.Click to read more.
Businesses today face significant environmental and social challenges that pose risks to their potential to sustain growth. At the same time, the regulatory landscape is evolving, new technologies are emerging faster than ever before, and customer behaviour is shifting.
Addressing these shifts in global markets presents a challenge for financial advisors and investors who are actively seeking places to invest their money that support their sustainable values. The difficulty for many investors, however, is a lack of disclosure by many firms.
Sustainable investment decisions require data, and where disclosure and data exist, there tends to be insight that leads to record investment. Nowhere is this more evident than in the first nine months of 2019, where investors allocated a record $89 billion into global green and sustainability-linked loans. Given that 90% of the world’s available data was created in the last two years, these sustainable considerations are likely to be at the heart of mainstream investing in the near future.Click to read more.
India’s weightage in the MSCI Emerging Market Index is likely to increase by at least 70 basis points in May 2020, which is expected to draw investment of $2.5 billion by passive funds. India’s weight in the MSCI Emerging Market index will rise to 9.6 per cent from the current 8.9 per cent, the global index provider and investment advisor said in a report.
Foreign portfolio investors have invested about Rs 92,500 crore in the Indian market so far this year. MSCI reviews its indices every six months in May and November.
The Finance Minister on December 13 confirmed that the Budget announcement (of July 5, 2019) increasing the statutory FPI (foreign portfolio investment) limit in a company from 24 per cent to the sectoral foreign investment limit, would be implemented effective April 1, 2020. This would lead to MSCI India’s weightage in the MSCI EM to rise, Morgan Stanley said in a note. Click to read more.