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.
Prime Minister Narendra Modi recently completed 9 years in office, and according to international brokerage firm Morgan Stanley, India has gained a position in the world order and has become a key driver for Asia and global growth. Watch this Visual story to see how India has transformed in the last decade.
Foreign Direct Investment (FDI) in India has seen a consistent rise in the last decade, with FY2021-22 receiving FDI inflows of USD 84.8 billio, despite the impact of the pandemic and geopolitical developments, it highlighted.
India has recorded the "highest ever" annual FDI (foreign direct investment) inflow of $83.57 billion in 2021-22, the commerce and industry ministry said on Friday.