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Economy watch

FDI inflows into India touched $19.56 billion (Rs 78,989 crore) in the first five months of 2008-09, 91 per cent more than in the corresponding period last year.

Print Edition: September 7, 2008

FDI inflows

 Status: $3.93 billion (Rs 16,563 crore) in May 2008.

Impact: FDI inflows into India touched $19.56 billion (Rs 78,989 crore) in the first five months of 2008-09, 91 per cent more than in the corresponding period last year.

India is targeting FDI inflows of $35 billion (Rs 1,50,500 crore) during 2008-09. This will ensure that the wheels of the economy keep running, despite the slowdown.







IPOs

 Status: Rs 16,569.70 raised via 32 IPOs (till July 31, 2008)

Impact: Though the absolute figures look good, they hide the fact that the weakening economy and volatile stock market conditions have resulted in the IPO pipeline almost drying up.

This is bad news for several companies that were looking to tap this market for funds. It will be bad for the economy as the capital expenditure plans of these companies will get seriously impacted.


Compiled by Manu Kaushik

 

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