look news india
News India Live, Digital Desk: According to Sanjay Nair, president of the leading industry chamber Assocham, India has attracted more than $ 500 billion FDI (FDI) between 2014 and 2024, which is more than doubled from $ 208 billion received in the earlier decade. He reported in a media article that in particular, $ 300 billion came alone between 2019 and 2024, which outlines the quick development trajectory.
“The credit for this surge goes to transformational reforms such as Make in India, Digital India and Production incentives (PLI) schemes, which has not only made it easier to trade, but has also established India as the center of clean technology and sustainable development.”
Manufacturing in the last decade And the digital infrastructure sector jumped again. Since 2014, computer software and hardware received FDI of $ 95 billion, while services (from finance and IT to R&D and consultancy) attracted $ 77 billion FDI.
In 2014, 75-80 percent of India’s smartphones were imported. Now, due to the PLI scheme, global legendary companies like Apple through Foxconn and Vistron are now assembling iPhone in India. Smartphone exports have increased to $ 21 billion.
Foreign investors have also joined India’s green ambitions. Nair said that from renewable energy to electric mobility, India is rapidly becoming a major center in the global clean-technical price chain.
According to a statement issued by the Ministry of Commerce and Industry last month, India’s FDI flow increased to $ 81.04 billion in FY 2024-25, which shows an increase of $ 71.28 billion from $ 71.28 billion in FY 2023-24.
The annual flow of FDI in the country has steadily increased over the last 11 years, which was US $ 36.05 billion in FY 2013-14. The reason for this is the investor-friendly policy, under which most areas are open for 100 percent FDI from automatic route.
In FY 2024-25, the service sector emerged as the top recipient of FDI equity, which attracted 19 percent of the total flow, followed by computer software and hardware (16 percent) and trading (8 percent). FDI in the service sector increased by 40.77 percent to $ 9.35 billion from $ 6.64 billion last year.
India is also becoming the center of FDI (FDI) in the manufacturing sector, which increased 18 percent in FY 2024-25 to $ 19.04 billion as compared to $ 16.12 billion in FY 2023-24. Maharashtra’s stake in the total FDI equity flow in FY 2024-25 was the highest (39 percent), followed by Karnataka (13 percent) and Delhi (12 percent).
According to ministry data, Singapore ranks first with 30 percent stake in source countries, followed by Mauritius (17 percent) and the United States (11 percent).