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FDI Always Preferable To FII: Ajay Dua

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Former DIIP Secretary, Ajay Dua, states that FDI is a way of getting money back into the country and augments the country’s production base. He firmly believes that FII’s bring in volatility, but agrees on the fact that both, FII’s and FDI’s are needed now to sustain the rupee. He further says that the Indian Ministry wants to increase their public sector undertakings .