FDI in India: Calling India a land of opportunities, PM Narendra Modi reposed his faith in the country’s economy during his address at the G20 Trade and Investment Ministers’ meeting. As one of the fastest-growing economies in the world, with huge consumption demand, the country is attracting many global investors. The government has also rolled out various reforms to spur foreign investments. As a result, FDI has doubled in the past decade. BT Magazine’s The Point decodes India’s FDI story over two decades.
Total FDI inflows, including fresh FDI equity inflows, reinvested earnings and other capital, were $17.56 billion against $22.34 billion a year ago. Singapore was the top source of FDI with inflows of almost $3 billion, followed by the Netherlands, at $1.5 billion. FDI from Mauritius, Singapore, the US and the UAE declined in the first quarter of FY24.