Foreign Investors Continue To Chase 'Less-Complicated' Services Sector: Report
NDTV
India Ratings and Research also said a bulk of the foreign direct investment (FDI) in manufacturing is not greenfield or fresh investments, which should otherwise be the aspirational aspect.
Despite the Narendra Modi government's high-octane push to boost manufacturing through the 'Make in India' initiative, foreign investors continue to chase bets in the services sector, a domestic rating agency said today.
India Ratings and Research also said a bulk of the foreign direct investment (FDI) in manufacturing is not greenfield or fresh investments, which should otherwise be the aspirational aspect.
"...despite the government's effort to attract more investments in the manufacturing sector through 'Make in India' campaign, the FDI inflow is still tilted in favour of the services sector," the rating agency said.
"...this could be because doing business in the services sector is less complicated than doing business in the manufacturing sector in India," the agency, an arm of Fitch Ratings, said.
