UPA’s FDI Claims Don’t Seem To Add Up: Fact Check

  India has received billions of dollars in foreign investment after it began liberalising its markets in the 1990s.   While the inflows have been steady and visible, they’ve never kept pace with many other developing countries, such as China. Moreover, they’ve been steadily declining in the last four years.   Now, there is a … Continued

Was Dr Reddy Right In Asking For Caps On Inflows?

Back in 2004, when India’s foreign exchange reserves crossed the $100 billion mark, Planning Commission deputy chairman Montek Singh Ahluwalia proposed using a part of what was then viewed as excess reserves to finance infrastructure projects.   The proposal remained on paper and was abandoned many years later. Reserves, however, continued to balloon, mostly thanks … Continued