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Raju
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Comments by "Raju" (@rajx7120) on "Why are FDI flows into India at their lowest level in 16 years?" video.
I don't get your logic that FTA with Aus, EU and UK, leads to investment happening there instead of India. But these countries have a labour shortage. They end up hiring Indians to immigrate there instead. So, ultimately Indians get jobs. But that money needs to be brought to India, than staying in foreign bank accounts. Thats what India should focus on. Encourage NRIs to buy Indian govt bonds. Make NRE account easily repatriable i.e. you should be able to spend that money easily abroad as well. That will encourage people to use NRE account more, and then spend the money in India. Allow foreign credit cards to be used for online transactions in India. RBI has put so much restrictions.
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