Monday, June 30, 2003
FDI revisions
As I had mentioned in earlier post, the Indian government has adopted a new methodology to calculate FDI inflows, a methodology thats more in line with international practice. Accordingly the numbers have been revised for 2000-01 and 2001-02 and the new numbers are $4.03 billion and $6.13 billion respectively, an increase of $1.68 billion and $2.22 billion, according to the Financial Express. Impressive, but I'd still say far below potential.
