The limit of Foreign Direct Investment (FDI) for individual companies that are listed with Indian Stock Exchange has been increased from 5 to 15%. This decision was in accordance with the promise made by finance minister Arun Jaitely in the budget speech in February which was focused at attracting more investments from foreign bodies so that they get on par with the ones made by domestic entities.
Global competitiveness of Indian exchange will rise up because of this move as Indian markets will experience best in class practices of foreign exchanges.
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With the advent and hike of e-commerce giants in India, this front is expected to build 12 million jobs in the next 10 years in the country, according to HSBC study. India is trying to create estimation of 50% of the number of jobs in coming 10 years. On having 12 million jobs will result in 20 million “gross” jobs in customer care, logistics& delivery, management and IT sector.
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Accelerated growth e-commerce services and of online retail stores has resulted in considerable losses for mom n pop stores. Studies reveal that India will follow China’s footsteps by bringing the village merchants into the e-commerce sector through which around 5 million village traders will benefit.
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The time when Apple’s universal business was slowing down because of reversals in china, India provided them the hope for a better future in this field. Apple CEO Tim Cook earlier said that India is a fastest growing economy and the sales of iPhone, Mobile n Apps in India have shot up to 51% on every year basis. Yesterday Cook confirmed the company’s plan to open its retail stores in India. He said that there is a wide potential in a country like India and that they look forward to open a retail store in this vibrant country.
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http://surevin.com/blog/12-million-jobs-created-e-commerce-coming-decade/
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