Friday, January 8, 2021
FDI reached USD40bn in April-September 2020, a 13% rise compared with the corresponding period in 2019. FPI totalled nearly USD23bn in 2020, up 58% from 2019.
- Privatisation of several state-owned enterprises will help attract more foreign capital in the long term.
- The trade deficit will decrease as the government increasingly promotes self-reliance and moves to reduce Chinese imports.
- India-China business relations will worsen as border tensions between the strategic rivals endure.