Chart of the day – Sep 6, 2017

Sep 6, 2017.

Don’t need the address, just keep sending them. Foreign direct investment to India by countries in last 5 years.

Foreign direct investment to India

Some of the biggest names in Indian business today (Flipkart, Snapdeal, Amazon, Olacabs, Uber) are being funded by foreign money. And one would think of US and China, as the biggest economies with big tech and venture funds, to invest this money. However, the Reserve Bank of India’s annual report says they are barely in the picture, well behind Japan & Netherlands, when it comes to investing in India. The leading spots go to Mauritius and Singapore.

Mauritius has been the top investor, certainly not because of strong ethnic ties (two-third of Mauritius’s 1.26 million inhabitants are of Indian descent). In fact, the Indian diaspora in Singapore is much smaller. The main reason is the financial maneuvering, and how companies are listed in different countries. The fact that, in 2016-17, Mauritius invested $14 billion & Singapore over $6 billion is due to the big financiers of Flipkart, Snapdeal, Olacabs being listed in Mauritius and Singapore. That makes sense due to Mauritius’s business friendly economy & global image as tax-haven. Just as an example, Mauritius has an effective tax rate of 3% for global companies.

US and China are such small players in Indian FDI suggests big hedge funds and money managers from Wall Street are not showing much faith in Indian economy. With such low returns in US and Europe, the hedge fund managers are going to great lengths to find higher yields, as seen by the recent overselling of Iraqi bonds & Argentina’s 100-years bonds (despite five previous defaults). That’s a blow to Prime Minister Modi’s big ambition of bringing global tech companies to set shops in India. It won’t be surprise to know, only if more people read about their own Reserve Bank’s report instead of being busy with cow politics.

Source: Reserve Bank of India’s annual report 2016-17 (data)

 

Previous charts-of-the-day:

Sep 11, 2017 – US annual population growth by race (2010-2016)

Sep 10, 2017 – US population by race (2010-2016)

Sep 09, 2017 – no chart

Sep 08, 2017Digitization in India, total transactions

Sep 07, 2017 – Cash circulation in India post demonetization

 

Sep 06, 2017 – Foreign direct investment to India (2012-2017)

Sep 05, 2017 – no chart

Sep 04, 2017US productivity change (percent, non-farm businesses, by year, 2000-2016)

Sep 03, 2017Unemployment rate & labor participation rates, 1997-2017

Sep 02, 2017 – Earnings of men & women, up to 2015

Sep 01, 2017 – US household income trend, 2015

Aug 31, 2017Projected growth in fastest growing occupations, 2014-2024

Aug 30, 2017 – US median salaries for fastest growing occupations in next 10 years, 2016

Aug 29, 2017 – US household – time spent in daily chores, 2016

Aug 28, 2017 – US household leisure & sports time, 2016

Aug 27, 2017 – Peak earning vs age, 2010-2016

Aug 26, 2017Price change for TVs, Computer, Internet, Cable & Software, 1996-2015

Aug 25, 2017Number of rental units in Silicon Forest, Tanasbourne, Portland Metro

Aug 24, 2017 – Vacancy rates, for rental & homeowner houses (1980-2015)

Aug 23, 2017Rate of homeownership & number of renters, 1990-2015

Aug 22, 2017 – Comparison of $100k with mortgage vs S&P vs rent, $100k from Jan 2010 to Jun 2017

Aug 21, 2017 – no chart

Aug 20, 2017 – Construction productivity vs other industries (The Economist)

Aug 19, 2017 – no chart

Aug 18, 2017 – no chart

Aug 17, 2017 – Worth of money in parallel worlds (with housing leverage), $100k from Jan 2010 to Jun 2017

Aug 16, 2017 – no chart

Aug 15, 2017 – Worth of money in parallel worlds (long term trend), starting with $100k in Jun 1996

Aug 14, 2017 – Worth of money in parallel worlds, value of $100k invested in Jan 2010 worth in Jun 2017

Aug 13, 2017 – US consumer price index (cost-of-living index or inflation) – (2007-2017)

Aug 12, 2017 – US unemployment rate & wage growth (2010-2017)

Aug 11, 2017 – US home price change by state (1976-2017 & 2016-2017)

Aug 10, 2017 – Inflation plotted with US Treasury & Mortgage rates (2010-2016)

Aug 9, 2017 – US Treasury and Mortgage rates (2010-2016)

Aug 8, 2017 – Household credit score versus time (2001-2016)

Aug 7, 2017 – Monthly mortgage payment across key US metro regions (2012-2016)

Aug 6, 2017 – Good time to buy or good time to sell? Fannie Mae’s monthly Home Purchase Sentiment Index (R)

Aug 5, 2017 – Buy versus Rent – Trulia’s calculator (Apr 2017)

Aug 4, 2017 – Annual change in US home prices across top 20 cities (May 2011- May 2017)

Aug 3, 2017 – Best time to get a deal: time period when best discounts are available in housing market

Aug 2, 2017 – Clark County, Washington state (Portland Metro area, OR) single family home prices (2012-2017)

Aug 1, 2017 – Multnomah County (Portland Metro area, OR) single family home prices (2012-2017)

July 31, 2017 – Washington County (Portland Metro area, OR) single family home prices (2012-2017)

July 28, 2017 – US home prices 1890-present

July 27, 2017 – Median house price for Portland Metro neighborhoods

July 26, 2017 – Average rent for Portland Metro region

July 25, 2017 – Path of total solar eclipse through Oregon

July 24, 2017 – Portland metro area household income by region

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