KACHARAGADLA

While recent reports have said that India has outstripped China in terms of FDI, this is a limited view. In fact, China’s gross FDI inflows are far higher than India’s. While FDI inflows into ‘Make in India’ industries have increased, the export focus of the campaign seems to have been diluted in favour of the Digital India sectors, suggests a report by brokerage firm Emkay Global. The report, published on Wednesday, also adds that while recent media reports have said that India has outstripped China in terms of FDI, this is a limited view. In fact, China’s gross FDI inflows are far higher than India’s. While $5.3 billion flowed into the computer software and hardware sectors between December 2013 and June 2015, only $1.1 billion entered the construction sector in the same period, the report finds, based on data from the Department of Industrial Policy & Promotion (DIPP) and the United Nations Conference on Trade and Development (UNCTAD). In addition, the report s