Indian Economy is dying, Modi just chased away Foreign Investor out of India

Indian Economy is dying, Modi just chased away Foreign Investor out of India

WCD Times – The Year 2018 seems to be the worst year for Indian Economy, as all the Foreign investor went out of India and no one wanted to Invest in India. According to a Bloomberg, ETIG, Capitaline Report, Foreign portfolio investors (FPIs) in the Indian Equity market is fading like hell. This is the worst development in 14 years.

Because of Indian PM Mr.Modi’s chaotics Policies/Rules, like Demonization, Irregularities GST Bill, E-Commerce Policy, Unwanted Schemes for the Rich and the Poor, Make in India, no Developmental Budget, No jobs created, Merging of Huge Banks, RBI flaws by the government, Red Taped FDI Policies are the major impact on India’s growing economy. Mr.Modi only concentrated Building Statues, Building Roads for Defence and buying Defence equipment. And also the Indian Stock Market Plunging and Rupee falling against US dollar.

Indian Economy is dying Modi just chased away Foreign Investor out of India

Yes, Defence is important but, not creating jobs and no industrial development and no Foreign investment, had sent the Indian economy to the dungeons. Without an Economy, there is no defence at all. The FPI trading volume as a percentage of the total volume has dropped significantly to 30% from 50% in the past three years. The combined FPI outflows of $11.32 billion from equity and debt instruments in 2018 was the highest since the global financial crisis. FPIs hold nearly 22% stake in the BSE 100 companies.

Indian Economy is dying Modi just chased away Foreign Investor out of India

The assets under management of FPIs were $376 billion (Rs 2.6 trillion) as on December 15, 2018, which is 18.3 per cent of the country’s total market capitalisation. FPIs sold equities worth $4.5 billion in 2018; they were net sellers for the first time since 2008. The cumulative FPI flow in the past three years at $6.4 billion was just one-fourth of the inflows in the three years prior to 2016.

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