FDI

December 12, 2024 4:43 PM

India’s FDI journey reaches $1 trillion milestone

India has marked a significant achievement in its economic progress with foreign direct investment (FDI) inflows crossing the $1 trillion mark since April 2000. This milestone comes alongside a notable 26% increase in FDI, reaching $42.1 billion during the first half of the current fiscal year. From April 2014 to September 2024, India saw $709.84 billion in FDI inflows, which accounted for nearly 69% of the total FDI received over the past 24 years. This underscores India’s growing role in th...

December 9, 2024 2:37 PM

India’s surging FDI inflows surpass $1,000 billion milestone in last 4 years

Foreign Direct Investment (FDI) inflows into India from April 2000 to September 2024 have soared to the $1,033.40 billion mark, reflecting the increasing investment opportunities in the country’s fast-growing economy, according to figures compiled by the Department for Promotion of Industry and Internal Trade (DPIIT). The main sectors of the economy benefiting from FDI include automobiles, computer software, IT hardware, telecom, pharmaceuticals, chemicals, and services. The data also show th...

November 29, 2024 9:09 PM

Manufacturing and services to dominate workforce and GDP by 2047: report

The ASSOCHAM-Egrow report has projected that India’s economic transformation by 2047 will be driven by the manufacturing and services sectors, which are expected to employ 67% of the workforce and contribute 75% of the country’s GDP. This shift underscores India's continued transition toward a service- and manufacturing-led economy, moving away from its traditional reliance on agriculture. According to the report, India’s nominal GDP is forecasted to surge from $3.5 trillion in 2023 to $2...

November 29, 2024 6:48 PM

Govt proposes to increase FDI limit in insurance sector to 100%, seeks public comments

The central government has announced several proposals aimed at reforming the insurance sector, including raising the Foreign Direct Investment (FDI) limit for Indian insurance companies from 74% to 100%. The move is part of broader efforts to foster growth and development within the sector. In addition to the FDI increase, the government is also proposing to enable insurers to offer one or more classes of insurance business and activities. Another key proposal involves reducing the required Ne...

July 31, 2024 12:31 PM

Piyush Goyal confirms no change in policy on Chinese investments

Commerce and Industry Minister Piyush Goyal has confirmed that the government will not change its policy on foreign direct investments (FDI) from China. This decision comes despite recent suggestions from the Economic Survey. Goyal stated that the ideas presented in the Survey are not binding on the government. “There is no rethinking at present to support Chinese investments in the country,” he said. In 2020, the government mandated approval for FDI from countries sharing land borders wit...