Behavioural biases that damage your investments!
In matters of investment, the sooner you acknowledge your mistakes, the sooner you'll find help in getting out of the soup. To break free from biases, the first step should be to identify those biases, says, Balwant Jain, Tax and Investment Expert.
During the April-June period this fiscal, the Foreign Direct Investment (FDI) into the country had risen by more than twofold to $17.57 billion, PTI reported on Saturday. With this the total FDI in the country rose to $22.53 billion during the first three months of 2021-22 as compared to $11.84 billion in the same period last year. Total FDI comprises equity inflows, reinvested earnings and other capital.
The commerce and industry ministry said that measures taken by the government on the FDI policy reforms front, ease of doing business and investment facilitation have resulted in increased foreign inflows into the country.
Top sectors and states to get maximum FDIs
With 27% share of the total FDI equity inflows, automobile has emerged as the top sector during the period under review. This was followed by computer software and hardware(17%) and services sector (11%).
Also, Karnataka is the top recipient state during April-June 2021, with 48% share of the total FDI equity inflows. It was followed by Maharashtra (23%) and Delhi (11% ).