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Budget 2024: A picture of growth, welfare and fiscal rectitude

The Budget also demonstrates the governments focus on fiscal consolidation, with a reduction in the fiscal deficit to 5.8% for FY24 vs. a budgeted 5.9%, a further reduction to 5.1% for FY25 and aims to reach a target of below 4.5% by FY26. This is a significant move given that the nominal growth for the current year stands at 9% versus the Budget estimate of 10%. ....

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Negotiating bilateral investment treaties to sustain FDI growth: FM Sitharaman

India is negotiating bilateral investment treaties with foreign partners, including the UK, to sustain the growth of foreign direct investment (FDI) in the country. The FDI inflows in India during 2014-23 were $596 billion, twice the inflow during 2005-14. To encourage sustained foreign investment, India is focusing on first develop India and ensuring equitable and predictable treatment for investors. The FDI inflow in India reached its highest ever annual level of $85 billion in FY22. In the current financial year, FDI worth $33 billion has been reported. ....

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Kazakhstan seeks higher FDI from India as foreign investments increase in the country

The first half of 2023 saw a $13.3 billion influx of foreign direct investment (FDI) into Kazakhstan. The Netherlands, the US, Switzerland, Russia, China, South Korea, Belgium, France, UAE, and Luxembourg emerged as the top contributors. Astana is keen for increased investments by India. ....

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