look news india
Mumbai: Given that investors are looking for alternatives to China for investment, India is convincing global investors to invest in the country, with an average of $100 billion of foreign direct investment (FDI) in the country in the next few years. Expected to come. five years.
Sources in the Department for Promotion of Industry and Internal Trade said this target has been achieved as the trends at present are very positive.
Over the past five years ending March 2023, the country has seen an average gross FDI of $70 billion. Although there was a reduction in FY 2024, now the situation has changed again, sources said.
In the current financial year, the figure of FDI will be seen close to 100 billion dollars. The Indian government is inviting global investors to come to the country who want to protect their investments against geopolitical tensions elsewhere.
Many global companies are investing in India. However, the volume of FDI still does not appear to be up to its full potential. Investors are moving slowly due to high inflation, geopolitical tensions and risk concerns in emerging markets.
There is immense potential for development in India in electric vehicles, electronic goods and other sectors. It is expected that the Indian government will take further steps to relax FDI rules. As a result, production linked incentive programs have helped boost the manufacturing sector in the country.