New Delhi: Foreign Direct Investment (FDI) in India has created a new record. FDI inflow has crossed $1000 billion during April 2000 to September 2024. In fact, India remains an attractive investment destination for investors from all over the world. This is the reason why it is continuously increasing. According to the data of department for Promotion of Industry and Internal Trade (DPIIT), the total amount of FDI during this period was 1033.40 billion dollars.According to the data, about 25 percent of FDI came from Mauritius. This was followed by Singapore (24 percent),America (10 percent),Netherlands (7 percent),Japan (6 percent),Britain (5 percent),UAE (3 percent) and other countries.
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In which areas did more investment come?
According to the data, India received $177.18 billion from Mauritius, $167.47 billion from Singapore and $67.8 billion from America. Most of these investments came in the services sector,computer software and hardware,telecommunications,trading,construction growth,automobile,chemicals and pharmaceutical sectors.
More than half of the investment came in 10 years
According to the Ministry of Commerce and Industry, since 2014, India has received total FDI of $667.4 billion (2014-24). This is more than half of the total FDI ($1000 billion). It is 119 percent more than the last decade (2004-14).
An official said that in the last decade (2014-24),FDI in the manufacturing sector reached $ 165.1 billion, which is 69 percent more than the previous decade (2004-14).
What will be the situation going forward?
FDI investment in india is expected to increase rapidly in the coming times. The biggest reason for this is that many big companies of the world are shifting their business from China to India.India can also benefit from the situation in Bangladesh. Due to this also FDI may increase.
(With inputs from PTI)
How has India’s FDI landscape changed over the last decade?
Interview with Dr. Anita Sharma, FDI Expert on India’s Record Foreign Direct Investment
Time.news Editor: Good afternoon, Dr. Sharma. Thank you for joining us today to discuss the remarkable growth in Foreign Direct Investment (FDI) in India. The latest figures show that FDI inflow has crossed $1,033.40 billion from April 2000 to September 2024. What do you think are the key factors driving this record growth?
Dr. Anita Sharma: Good afternoon! It’s great to be here. The increase in FDI in India can be attributed to several factors. Firstly, India is viewed as an attractive investment destination due to its large consumer market, skilled workforce, and favorable government policies aimed at promoting investment. The country’s economic reforms since 2014 have also played a crucial role in enhancing the ease of doing business, which in turn has instilled confidence among foreign investors.
Time.news Editor: Interesting! I noticed that about 25% of the FDI came from Mauritius, followed closely by Singapore. Could you explain why these countries are important in terms of investment in india?
dr. Anita Sharma: Absolutely. Mauritius has long been a preferred source for FDI into India due to its favorable taxation policies and double taxation avoidance agreements with India. This allows investors to engage in business without facing heavy tax liabilities. Similarly, Singapore’s robust financial ecosystem and strong banking links in the asia-Pacific region make it an ideal hub for investments into India. The strong ties between these countries and India are driving consistent investment inflows.
Time.news Editor: The services sector appears to be a major recipient of FDI, along with industries like telecommunications, pharmaceuticals, and manufacturing. What implications does this have for the Indian economy?
Dr. Anita Sharma: The dominance of the services sector in attracting FDI indicates that India is becoming a global hub for IT and service-oriented industries. This not only boosts job creation but also enhances technological innovation and collaboration with foreign firms. Moreover, the growth in manufacturing, which saw an impressive $165.1 billion in FDI during 2014-2024, signifies the government’s push towards ‘make in India,’ aiming to position the country as a global manufacturing powerhouse. This diversification can lead to a more resilient economy.
Time.news Editor: It’s impressive to see that over 50% of the total FDI has come in the last decade. what do you predict for the future landscape of FDI in India?
Dr. Anita Sharma: I foresee continued growth in FDI, notably as several multinational companies pivot their operations from China to India due to geopolitical tensions and rising costs in China. This shift will not only enhance India’s manufacturing capabilities but will also create more skilled job opportunities. Moreover, the current situation in Bangladesh also poses opportunities for India as investors seek stable environments with growth potential, further bolstering India’s appeal as an investment destination.
Time.news Editor: For our readers considering investing in India, particularly in the context of FDI, what practical advice would you provide?
Dr. Anita sharma: I would advise potential investors to conduct thorough market research to understand consumer demands and regional dynamics within India.Engaging with local partners can also provide valuable insights into navigating the regulatory landscape. Additionally, understanding government initiatives and incentives aimed at foreign investors will be crucial for optimizing their investment strategies. staying informed on sociopolitical developments in the region will help mitigate risks associated with investment.
Time.news Editor: Thank you for your insights, Dr. Sharma. It’s clear that India’s FDI landscape is evolving and offers exciting opportunities ahead.
Dr. Anita Sharma: thank you for having me. It’s indeed an exciting time for investors looking at India as a viable option for growth and expansion.
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