English Essay, Paragraph, Speech on “The Economic Scenario” Complete Essay for Class 8, 9, 10 and 12 Students for Exam.

The Economic Scenario

India has been ranked second place in global foreign direct investments (FDI) in 2010 and is expected to remain among the top five attractive destinations for international investors during 2010-12, according to a report on world investment prospects titled. ‘World Investment Prospects Survey 2009-2012 by the United Nations Conference on Trade and Development (UNCTAD).

India’s FDI gathered momentum with the inflows growing by 310 percent in June 2011 to touch US$ 5.65 billion. It is the highest monthly inflow during the last 11 years. The total FDI stood at US$ 16.83 billion during January-June 2011, nearly 57 percent higher than the US$ 10.74 billion received during the same period last year.

Non-resident Indian (NRI) inflows in the first quarter of 2011-12 have witnessed a rise of 38 percent as compared to the same period in 2010-11. NRIs invested US$ 1.54 billion in various NRI deposit schemes during April-June 2011.

Private equity (PE) investments in India stood at US$ 6.14 billion in value terms, while the number of deals increased by 33 percent to 195, during January-June 2011, according to data compiled by Chennai-based Venture Intelligence. The rise in the value of the deals so far (June 2011) recorded a growth of 52 percent, as compared to US$ 4.04 billion raised during 2010. India’s foreign exchange (Forex) reserves have increased by US$ 1.6 billion to register US$ 318 billion during the week ended August 19, 2011, according to data released by the Reserve Bank of India (RBI). The increase in Forex is largely attributed due to valuation changes.

The Government has approved fundraising worth Rs. 60,950 crore (US$ 13.24 billion) by companies through external commercial borrowings (ECB) or foreign currency convertible bonds (FCCB) for infrastructure projects in the financial years 2009-2011.

India’s merchandise exports have registered an increase of nearly 82 percent during July 2011 from a year ago to touch US$ 29.3 billion, according to a release by the Ministry of Commerce and Industry. Exports during April-July 2011 reached US$ 108.3 billion, up 54 percent over the same period a year ago, according to Mr. Rahul Khullar, Commerce Secretary. Exports in the referred period increased on the back of demand for engineering and petroleum products, gems, and jewellery.