Gujarat No 5 in FDI inflow in India, far from being No 1 in India-China: Official data "contradict" thinktank claim

By Rajiv Shah
A recent Financial Times Group thinktank may have claimed that Gujarat turned into No 1 Foreign Direct Investment (FDI) destination among all Indian and Chinese states (see Counterview, April 22), Government of India’s (GoI’s) own FDI data show that, far from being No 1 among the two countries, it is No 5 in India.
While the thinktank, FDI Intelligence, gave the figures of FDI intentions, pointing out Gujarat "attracted $12.4bn and claimed 10 per cent of all capital investment into both countries", pushing Shanghai Municipality (China) to the No 2 position with an investment of $10.57b, the GoI figures show that Gujarat has remained consistently No 5 since 2000 in India.
The quarterly factsheet, released by the GoI’s Department of Industrial Policy and Promotion (DIPP), shows that FDI inflow into Gujarat was $ 9,507 million between April and December 2015, which is five per cent of that of India’s $191,063 million.
As against Gujarat’s 4.97 per cent of FDI inflow, Greater Delhi’s or National Capital Region’s (NCR’s) was found to be 36.18 per cent (or $69,129 million) that of the country, followed by Maharashtra 17.66 per cent (or $33,756 million), Tamil Nadu’s 14.66 per cent (or $28,023 million), and Karnataka’s 11.45 per cent (or $21,883 million).
The quarterly factsheet, significantly, provides actual FDI inflow data as against the global thinktank FDI Intelligence’s data on what is often called “committed” or “intended” investment, which may or may not fructify on the ground level.

What is equally interesting is that, the cumulative FDI inflow between April 2000 and December 2015 also shows that Gujarat has remained No 5 throughout. With a total FDI inflow of $63,304 million (or five per cent of the total) during the 15-year period, Gujarat remained No 5.
In cumulative investment during the 15 years, Maharashtra has been found to be on the top, with an investment of $386,778 million (29 per cent of India’s), followed by NCR’s 318,153 (22 per cent), Tamil Nadu’s $116,790 million (8 per cent), and Karnataka’s 104,004 (7 per cent).
The thinktank report, interestingly, had praised Gujarat’s performance for being No 1 just in five years. It said, "In 2011, Gujarat was ranked the 14th most popular state for FDI within the two countries.”
It had added, despite Gujarat overtaking all other states of the two countries, “Maharashtra in western India remains one of the strongest performers across the years and it has continued to close the gap on the top Chinese destination, Shanghai Municipality, with the locations attracting $8.3bn and $10.6bn, respectively, in 2015."
Interestingly, the thinktank, in a separate analysis did not find India’s topmost business capital, Ahmedabad, or for that matter any other city, figuring among Asia-Pacific region’s top ten FDI job creating cities.

Comments

Anonymous said…

Are the definitions of foreign direct investment the same for both reports? Unless so, comparison in findings is irrelevant

April 28, 2016

Jag Jivan said…

Why are you anonymous? Come off and give "real" facts, if you have any

April 28, 2016

US govt funding 'dubious PR firm' to discredit anti-GM, anti-pesticide activists

By Our Representative The Alliance for Sustainable & Holistic Agriculture (ASHA) has vocally condemned the financial support provided by the US Government to questionable public relations firms aimed at undermining the efforts of activists opposed to pesticides and genetically modified organisms (GMOs) in India.

Modi govt distancing from Adanis? MoEFCC 'defers' 1500 MW project in Western Ghats

By Rajiv Shah Is the Narendra Modi government, in its third but what would appear to be a weaker avatar, seeking to show that it would keep a distance, albeit temporarily, from its most favorite business house, the Adanis? It would seem so if the latest move of the Ministry of Environment, Forests and Climate Change (MoEFCC) latest to "defer" the Adani Energy’s application for 1500 MW Warasgaon-Warangi Pump Storage Project is any indication.

Bayer's business model: 'Monopoly control over chemicals, seeds'

By Bharat Dogra* The Corporate Europe Observatory (CEO) has rendered a great public service by very recently publishing a report titled ‘Bayer’s Toxic Trails’ which reveals how the German agrochemical giant Bayer has been lobbying hard to promote glyphosate and GMOs, or trying to “capture public policy to pursue its private interests.” This report, written by Joao Camargo and Hans Van Scharen, follows Bayer’s toxic trail as “it maintains monopolistic control of the seed and pesticides markets, fights off regulatory challenges to its toxic products, tries to limit legal liability, and exercises political influence.”

Militants, with ten times number of arms compared to those in J&K, 'roaming freely' in Manipur

By Sandeep Pandey* The violence which shows no sign of abating in the ongoing Meitei-Kuki conflict in Manipur is a matter of concern. The alienation of the two communities and hatred generated for each other is unprecedented. The Meiteis cannot leave Manipur by road because the next district North on the way to Kohima in Nagaland is Kangpokpi, a Kuki dominated area where the young Kuki men and women are guarding the district borders and would not let any Meitei pass through the national highway.

105,000 sign protest petition, allege Nestlé’s 'double standard' over added sugar in baby food

By Kritischer Konsum* 105,000 people have signed a petition calling on Nestlé to stop adding sugar to its baby food products marketed in lower-income countries. It was handed over today at the multinational’s headquarters in Vevey, where the NGOs Public Eye, IBFAN and EKO dumped the symbolic equivalent of 10 million sugar cubes, representing the added sugar consumed each day by babies fed with Cerelac cereals. In Switzerland, such products are sold with no added sugar. The leading baby food corporation must put an end to this harmful double standard.

Can voting truly resolve the Kashmir issue? Past experience suggests optimism may be misplaced

By Raqif Makhdoomi* In the politically charged atmosphere of Jammu and Kashmir, election slogans resonated deeply: "Jail Ka Badla, Vote Sa" (Jail’s Revenge, Vote) and "Article 370 Ka Badla, Vote Sa" (Article 370’s Revenge, Vote). These catchphrases dominated the assembly election campaigns, particularly across Kashmir.

Swami Vivekananda's views on caste and sexuality were 'painfully' regressive

By Bhaskar Sur* Swami Vivekananda now belongs more to the modern Hindu mythology than reality. It makes a daunting job to discover the real human being who knew unemployment, humiliation of losing a teaching job for 'incompetence', longed in vain for the bliss of a happy conjugal life only to suffer the consequent frustration.

NITI Aayog’s pandemic preparedness report learns 'all the wrong lessons' from Covid-19 response

Counterview Desk The Universal Health Organisation (UHO), a forum seeking to offer "impartial, truthful, unbiased and relevant information on health" so as to ensure that every citizen makes informed choices pertaining to health, has said that the NITI Aayog’s Report on Future Pandemic Preparedness , though labelled as prepared by an “expert” group, "falls flat" for "even a layperson".

'Flawed' argument: Gandhi had minimal role, naval mutinies alone led to Independence

Counterview Desk Reacting to a Counterview story , "Rewiring history? Bose, not Gandhi, was real Father of Nation: British PM Attlee 'cited'" (January 26, 2016), an avid reader has forwarded reaction in the form of a link , which carries the article "Did Atlee say Gandhi had minimal role in Independence? #FactCheck", published in the site satyagrahis.in. The satyagraha.in article seeks to debunk the view, reported in the Counterview story, taken by retired army officer GD Bakshi in his book, “Bose: An Indian Samurai”, which claims that Gandhiji had a minimal role to play in India's freedom struggle, and that it was Netaji who played the crucial role. We reproduce the satyagraha.in article here. Text: Nowadays it is said by many MK Gandhi critics that Clement Atlee made a statement in which he said Gandhi has ‘minimal’ role in India's independence and gave credit to naval mutinies and with this statement, they concluded the whole freedom struggle.

Search This Blog