Friday , December 27 2024

India becomes a popular destination for foreign investment with 119 per cent growth in FDI in the last decade

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FDI Investment: The world’s confidence in the Indian economy is increasing. India has become a popular destination for foreign investment, especially since the year 2000. Also, after the Covid 19 pandemic, many top countries have turned to investing in India. FDI has increased by 29 percent in the first six months of 2024. In the last 24 years FDI (Foreign Direct Investment) has been recorded at 1 trillion dollars.

According to a report released by the Department for Promotion of Industry and Internal Trade (DPIIT), India recorded foreign direct investment (FDI) of about ₹85 lakh crore ($1 lakh crore) between April 2000 and September 2024. Which reflects the country’s popularity as a safe and leading investment destination globally. Total FDI during this period was $1,033.40 billion, which included equity, reinvestment and other investments.

Most investment from Mauritius

According to DPIIT data, the largest foreign investment in the last 24 years has come from Mauritius, accounting for about 25 per cent of total FDI. While Singapore’s share in FDI is 24 percent, America’s share is also 10 percent. Apart from this, Netherlands (7 per cent), Japan (6 per cent), UK (5 per cent), UAE (3 per cent) and Cayman Islands, Germany and Cyprus also contributed to the share of FDI in India.

India has the highest investment among these three countries.

Country foreign direct investment
mauritius 177.18 billion dollars
Singapore 167.47 billion dollars
America 67.8 billion dollars

Most of the foreign investment has been recorded in the services sector, computer software and hardware, communications, trade, construction, automobile, chemicals and medical sectors.

67 percent investment in last 10 years

According to the Ministry of Commerce and Industry, a total of $667.4 billion FDI has been registered in India since 2014. Which is 119 percent more than the last decade. FDI investment in infrastructure sector has increased by 69 percent to $165.1 billion in the last decade. FDI investment has increased by 19 percent in the first six months of the current financial year.