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

Vaccine nationalism? Covaxin isn't safe either, perhaps it's worse: Experts

By Rajiv Shah I was a little awestruck: The news had already spread that Astrazeneca – whose Indian variant Covishield was delivered to nearly 80% of Indian vaccine recipients during the Covid-19 era – has been withdrawn by the manufacturers following the admission by its UK pharma giant that its Covid-19 vector-based vaccine in “rare” instances cause TTS, or “thrombocytopenia thrombosis syndrome”, which lead to the blood to clump and form clots. The vaccine reportedly led to at least 81 deaths in the UK.

'Scientifically flawed': 22 examples of the failure of vaccine passports

By Vratesh Srivastava* Vaccine passports were introduced in late 2021 in a number of places across the world, with the primary objective of curtailing community spread and inducing "vaccine hesitant" people to get vaccinated, ostensibly to ensure herd immunity. The case for vaccine passports was scientifically flawed and ethically questionable.

'Misleading' ads: Are our celebrities and public figures acting responsibly?

By Deepika* It is imperative for celebrities and public figures to act responsibly while endorsing a consumer product, the Supreme Court said as it recently clamped down on misleading advertisements.

Magnetic, stunning, Protima Bedi 'exposed' malice of sexual repression in society

By Harsh Thakor* Protima Bedi was born to a baniya businessman and a Bengali mother as Protima Gupta in Delhi in 1949. Her father was a small-time trader, who was thrown out of his family for marrying a dark Bengali women. The theme of her early life was to rebel against traditional bondage. It was extraordinary how Protima underwent a metamorphosis from a conventional convent-educated girl into a freak. On October 12th was her 75th birthday; earlier this year, on August 18th it was her 25th death anniversary.

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.

Palm oil industry 'deceptively using' geenwashing to market products

By Athena* Corporate hypocrisy is a masterclass in manipulation that mostly remains undetected by consumers and citizens. Companies often boast about their environmental and social responsibilities. Yet their actions betray these promises, creating a chasm between their public image and the grim on-the-ground reality. This duplicity and severely erodes public trust and undermines the strong foundations of our society.

'Fake encounter': 12 Adivasis killed being dubbed Maoists, says FACAM

Counterview Desk The civil rights network* Forum Against Corporatization and Militarization (FACAM), even as condemn what it has called "fake encounter" of 12 Adivasi villagers in Gangaloor, has taken strong exception to they being presented by the authorities as Maoists.

No compensation to family, reluctance to file FIR: Manual scavengers' death

By Arun Khote, Sanjeev Kumar* Recently, there have been four instances of horrifying deaths of sewer/septic tank workers in Uttar Pradesh. On 2 May, 2024, Shobran Yadav, 56, and his son Sushil Yadav, 28, died from suffocation while cleaning a sewer line in Lucknow’s Wazirganj area. In another incident on 3 May 2024, two workers Nooni Mandal, 36 and Kokan Mandal aka Tapan Mandal, 40 were killed while cleaning the septic tank in a house in Noida, Sector 26. The two workers were residents of Malda district of West Bengal and lived in the slum area of Noida Sector 9.

India 'not keen' on legally binding global treaty to reduce plastic production

By Rajiv Shah Even as offering lip-service to the United Nations Environment Agency (UNEA) for the need to curb plastic production, the Government of India appears reluctant in reducing the production of plastic. A senior participant at the UNEP’s fourth session of the Intergovernmental Negotiating Committee (INC-4), which took place in Ottawa in April last week, told a plastics pollution seminar that India, along with China and Russia, did not want any legally binding agreement for curbing plastic pollution.

Mired in controversy, India's polio jab programme 'led to suffering, misery'

By Vratesh Srivastava* Following the 1988 World Health Assembly declaration to eradicate polio by the year 2000, to which India was a signatory, India ran intensive pulse polio immunization campaigns since 1995. After 19 years, in 2014, polio was declared officially eradicated in India. India was formally acknowledged by WHO as being free of polio.

Counterview

Search This Blog