Make in India a success- Rating agency
posted on Apr 7, 2016 @ 2:29PM
International financial rating agency Moody’s has some good news for Modi's government. It has analysed that the net flow of foreign investment into the country has touched an all time high at 3$ billion this January. Moody’s is of the view that Make in India strategy by the government is responsible for the boost. The inflow has also resulted in surplus in current account of the country, after being in deficit from 2003 to end 2014.
However, Moody’s has found that the remittances by NRI’s to their Indian families have decreased consistently. Such a downfall is thought to be the result of oil crisis in the middle east. The relaxation of norms in FDI has also resulted in an high inflow of investment into the country, according to the Moody’s. That doesn’t seem to be the end of this sweet news. Moody’s is expecting this high inflow to be continuous and constant. So, finally Modi seems to have achieved Acche Din for the industry. What about the common man!