India is in the process of framing rules to regulate the e-commerce sector, which is expected to touch USD 120 billion by 2020, Food and Consumer Affairs Minister Ram Vilas Paswan said.
Foreign direct investment in India increased to USD 61.96 billion in 2017-18, DIPP Secretary Ramesh Abhishek said.
FDI to India decreased to 40 billion dollars last year from 44 billion dollars in 2016 while outflows from India, according to a new trade report by UN.
Global FDI flows fell by 23 per cent in 2017 to $1.43 trillion in contrast to the global accelerated growth in gross GDP and trade registered last year
Asserting that the Indian economy turned in a resilient performance in 2017-18, Urjit Patel has said the countrys growth is expected to accelerate next fiscal.
The recent moves towards protectionism should be understood as part of a more general policy failure to generate a sufficient number of well-paid jobs., UNCTAD said.
The BRICS bloc of emerging economies has reaffirmed its commitment to promoting competition and combating monopolies.
FDI in India remained almost flat in 2016, but the nation is expected to emerge as one of the top FDI destinations.
Global FDI unexpectedly increased significantly to $1.7 trillion, closer to the pre-crisis level and highest since the global financial and economic crisis.