High dependence on FDI may slow down India Inc''s growth prospects. Though, Collective FDI inflows increased 30% in 2007 over 2006. During January-July 2008, FDI inflows have increased more than two and a half times over the same period in 2007.
But these data speak about the period when the financial crisis was not completely active. In fact, the RBI''s recent release shows that the inflow of ECB and foreign currency convertible bonds (FCCBs) has hindered significantly in October 2008, lower 60% from Rs 283.49 crore in September to Rs 112.52 crore.
The fall in ECB is raised worries to affect the investment plans of the companies. The domestic funds alternatively also have become inadequate and gradually more dearer following rise in interest rate.
But these data speak about the period when the financial crisis was not completely active. In fact, the RBI''s recent release shows that the inflow of ECB and foreign currency convertible bonds (FCCBs) has hindered significantly in October 2008, lower 60% from Rs 283.49 crore in September to Rs 112.52 crore.
The fall in ECB is raised worries to affect the investment plans of the companies. The domestic funds alternatively also have become inadequate and gradually more dearer following rise in interest rate.
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