PM MODI INSULATES INDIA FROM GLOBAL SLOWDOWN!

1. FDI investments ZOOM to record $ 39 bn in the first half of this calendar year 2019!

2. The FPI inflows ( foreign portfolio investments in Indian Stocks) also stood at record level of $13 bn in this period.

3. Both the above demonstrate the confidence that the world has in the India Narrative scripted by MODI.

4. As a result the Indian Rupee has depreciated only by a small 1.7% against the US Dollar so far in 2019.

5. Source: the data released by the Dept of Industrial and Internal Trade Promotion, GOI ( DPPI) and Reuters.

Ramdas Iyer
29.10.2019
Independent Analyst

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