Posterous theme by Cory Watilo

FDI? What FDI? No one told me about July?

India's media circus with economic facts continued into the staid growing world of FDI investments. As July IIP soared capacity creating FDI came to s atnd still with a net $1 bln inflow. Thus the year to date and the Apr to July figures are really no different, the latter now at $14.64 bln. th erunrate of $40-45 bln seems valid, the bureaucrats happy with their $35 bln target but what stands to reason is that statistical data be given the same window everytime on a monthly basis thatn the circus of being on everytime there is good news to share. With the DIPP site holding data till July as on 27 September 2011, even as requests for more real time data sharing have to be adhered to, the net result is going thru scours of newspapers on scores of subjects till you find this number hidden in a corner for even later months presumably earlier as per 'discretion'. Bad policy again? just after reform nods too.

Bad News: Retail FDI is pushed back by at least a year beyond the new DTC and GST posts to be achieved by the political regatta. The net inflows this month were obviously impacted by the wait and watch over new growth and new FDI laws and the next figures will likely contain some new insurance agreements only with the new Banking law, the larger ones waiting for the RBI - MoF argiuments also to cleanly break the impasse of growth vs inflation