[KOREAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important KOREAN economic news to share with you which is as mentioned
below.

The government is hopeful of an increase in foreign direct investment (FDI) inflows in the
coming months despite global headwinds, a senior official of the industry department said
on Thursday. The official said the number of pending FDI proposals from China are lowest
at present.

"Foreign inflows have an effect because of the global slowdown that we are seeing for the
last 18 months... but we are hopeful (as) India has shown very great numbers compared
to the rest of the countries. So, we are hoping that we would be making up for all that,"
said Manmeet K Nanda, joint secretary, Department for Promotion of Industry and Internal
Trade (DPIIT).

FDI equity inflows fell nearly a quarter to $10.3 billion in the quarter to September 2022
from $13.6 billion a year earlier. In the first half of this financial year, FDI equity inflows
shrank 14% to $26.91 billion from $31.5 billion a year earlier, while total inflows were 8.8%
lower at $39.09 billion in the April-September period from $42.86 billion a year ago.

Nanda said investments and equity inflows usually improve towards the last quarter of a
financial year. On the number of pending FDI proposals from China under Press Note 3 of
2020, she said "pendency is probably the lowest at this point in time".




Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/govt-hopeful-of-rise-in-fdi-inflows-in-coming-months/articleshow/96773873.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

KAMA GROUP
New Delhi
Have a nice day