Foreign investment of 667 billion dollars in India in the last 10 years

New Delhi| India has received a total of $667.4 billion in foreign direct investment (FDI) between 2014-2024. Compared to the decade before this (2004-2014), FDI has seen an increase of 119 per cent. This information was given by the government. This investment has come in all the states and 57 sectors of the country. It has played an important role in the development of various industries.

In the last few years, many important steps have been taken by the government to attract FDI into the country. At the present time, most of the sectors, except the strategically important sector, are open for 100 per cent FDI through the automatic route. According to data released by the Ministry of Commerce, the manufacturing sector has cumulatively received $165 billion in FDI between 2014-2024. It has seen a 69 per cent increase against the 2004-2014 figure of $97.7 billion.

Foreign investment in India is continuously increasing. According to the Global Trade Research Initiative report, $71 billion of foreign investment had come to India in FY23 and $70 billion in FY24. Earlier, Amardeep Bhatia, Secretary, Department for Promotion of Industry and Internal Trade (DPIIT), had said that the government was giving priority to an industry demanding more labor and skills, so that FDI could touch the $100 billion mark in the coming years.

Bhatia further said that talks are being held with the concerned departments to reduce compliance. 100 such compliance issues have been recognized on the part of DPIIT that need to be eliminated. This will make the process much easier than before. Further said that the government is continuously working towards making business easier. So far, more than 42,000 compliance requirements have been eliminated, which has greatly benefited the industry.