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

Insider plot to kill Deendayal Upadhyay? What RSS pracharak Balraj Madhok said

By Shamsul Islam* Balraj Madhok's died on May 2, 2016 ending an era of old guards of Hindutva politics. A senior RSS pracharak till his death was paid handsome tributes by the RSS leaders including PM Modi, himself a senior pracharak, for being a "stalwart leader of Jan Sangh. Balraj Madhok ji's ideological commitment was strong and clarity of thought immense. He was selflessly devoted to the nation and society. I had the good fortune of interacting with Balraj Madhok ji on many occasions". The RSS also issued a formal condolence message signed by the Supremo Mohan Bhagwat on behalf of all swayamsevaks, referring to his contribution of commitment to nation and society. He was a leading RSS pracharak on whom his organization relied for initiating prominent Hindutva projects. But today nobody in the RSS-BJP top hierarchy remembers/talks about Madhok as he was an insider chronicler of the immense degeneration which was spreading as an epidemic in the high echelons of th

Astonishing? Violating its own policy, Barclays 'refinanced' Adani Group's $8 billion bonds

By Rajiv Shah A new report released by two global NGOs, BankTrack and the Toxic Bonds Network, has claimed to have come up with “a disquieting truth”: that Barclays, a financial heavyweight with a “controversial” track record, is deeply entrenched in a “disturbing” alliance with “the Indian conglomerate and coal miner Adani Group.”

Junk food push causing severe public health crisis of obesity, diabetes in India: Report

By Rajiv Shah A new report , “The Junk Push: Rising Consumption of Ultra-processed foods in India- Policy, Politics and Reality”, public health experts, consumers groups, lawyers, youth and patient groups, has called upon the Government of India to check the soaring consumption of High Fat Sugar or Salt (HFSS) foods or ultra-processed foods (UPF), popularly called junk food.

Modi govt intimidating US citizens critical of abuses in India: NY Christian group to Biden

Counterview Desk the New York Council of Churches for its release of an open letter calling on the Biden administration to “speak out forcefully” against rising Hindu extremist violence targeting Christians and other minorities in India. In the letter addressed to President Biden, Secretary of State Antony Blinken, and other major elected officials, the NY Council of Churches expressed "grave concern regarding escalating anti-Christian violence" throughout India, particularly in Manipur, where predominantly Christian Kuki-Zo tribals have faced hundreds of violent attacks on their villages, churches, and homes at the hands of predominantly Hindu Meitei mobs.

Link India's 'deteriorating' religious conditions with trade relations: US policymakers told

By Our Representative Commissioners on the United States Commission on International Religious Freedom (USCIRF) raised concerns about the “sophisticated, systematic persecution” of religious minorities by the government of Prime Minister Narendra Modi at a hearing on India in Washington DC.

Green revolution "not sustainable", Bt cotton a failure in India: MS Swaminathan

MS Swaminathan Counterview Desk In a recent paper in the journal “Current Science”, distinguished scientist PC Kesaven and his colleague MS Swaminathan, widely regarded as the father of the Green Revolution, have argued that Bt insecticidal cotton, widely regarded as the continuation of the Green Revolution, has been a failure in India and has not provided livelihood security for mainly resource-poor, small and marginal farmers. Sharply taking on Green Revolution, the authors say, it has not been sustainable largely because of adverse environmental and social impacts, insisting on the need to move away from the simplistic output-yield paradigm that dominates much thinking. Seeking to address the concerns about local food security and sovereignty as well as on-farm and off-farm social and ecological issues associated with the Green Revolution, they argue in favour of what they call sustainable ‘Evergreen Revolution’, based on a ‘systems approach’ and ‘ecoagriculture’. Pointing ou

Buddhist shrines were 'massively destroyed' by Brahmanical rulers: Historian DN Jha

Nalanda mahavihara By Our Representative Prominent historian DN Jha, an expert in India's ancient and medieval past, in his new book , "Against the Grain: Notes on Identity, Intolerance and History", in a sharp critique of "Hindutva ideologues", who look at the ancient period of Indian history as "a golden age marked by social harmony, devoid of any religious violence", has said, "Demolition and desecration of rival religious establishments, and the appropriation of their idols, was not uncommon in India before the advent of Islam".

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.

Jharkhand: Attempt to create red scare for 'brutal crackdown', increase loot of resources

Counterview Desk The civil rights group Forum Against Corporatization and Militarization in a statement on plans to crackdown on “64 democratic progressive organisations” in Jharkhand under the pretext of the need to investigate their Maoist link, has alleged that this an attempt to suppress dissent against corporate loot and create an authoritarian state.

A Hindu alternative to Valentine's Day? 'Shiv-Parvati was first love marriage in Universe'

By Rajiv Shah* The other day, I was searching on Google a quote on Maha Shivratri which I wanted to send to someone, a confirmed Shiv Bhakt, quite close to me -- with an underlying message to act positively instead of being negative. On top of the search, I chanced upon an article in, imagine!, a Nashik Corporation site which offered me something very unusual.

Search This Blog