India's FDI inflow credit positive, 'Make in India' bearing fruit, says Moody's

Moody's Investors Service, the global credit ratings agency has lauded the consistent efforts from the Government of India to liberalise foreign investment limits in several sectors and the 'Make in India' campaign. “The strength of inflows reflects India's relatively strong growth prospects and government efforts to liberalise foreign investment regulation,” the company said in a recently released report. The report also mentioned that it expects FDI inflow to continue to rise and provide stable source of financing of current account deficit and the development of industrial corridors, investment and manufacturing zones and 'smart cities' will further bolster investment inflows.

In another significant announcement, India has been ranked sixth among the world’s 10 largest manufacturing countries, according to a report from United Nations Industrial Development Organization (UNIDO). It is important to note that India’s ranking has moved up by three places compared to last year. According to the report, the Manufacturing Value Added (MVA) increased by 7.6 per cent in 2015 compared to the previous year. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.