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.
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.