Investment climate News

India saw a record 53 percent increase in FDI in last two years as the investment climate brightened due to steps taken to foster growth, price stability and fiscal prudence which also improved the overall macroeconomic stability, government said Friday.

Promising just and fair decision in all tax matters, the new Revenue Secretary Hasmukh Adhia today said "bad elements" in the tax department will be identified and "taken care of" so that they don't spoil the investment climate.

The comments came as stock markets slumped over 580 points and rupee slid to 64.15 to a dollar as investors saw any government action against P-notes as hurting genuine foreign investments.

Business sentiment fell sharply in the March quarter due to concerns over investment climate amid "patchy" and "uneven growth", said a survey today.

Though India has a better investment climate among BRICS nations, its regulatory and tax system-related challenges are impacting immediate investment plans, a survey found.

Bond sale by non-financial sector firms is on course to touch a record USD 14 billion this year, helped by improved investment climate which has increased investor appetite for Indian papers and sliding hedging costs on the back of a strong rupee, says ratings agency Moody's.