Gujarat has emerged as a top destination for foreign direct investment (FDI), attracting Rs 2.39 lakh crore (approximately $31 billion) between October 2019 and March 2023, according to an official release. The state has consistently increased its FDI with efforts from the government and the Vibrant Gujarat Global Summit (VGGS) playing a key role.
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.