New Delhi, Dec 12
Total FDI inflows into India over the last decade (April 2014 to September 2024) amounted to $709.84 billion, accounting for 68.69 per cent of the overall FDI inflow in the past 24 years which crossed the $1 trillion mark, according to the Commerce and Industry Ministry’s year-end review released on Thursday.
“This landmark achievement was bolstered by a nearly 26 per cent rise in FDI to $42.1 billion during the first half of the current fiscal year,” the review stated.
Such growth reflects India’s increasing appeal as a global investment destination, driven by a proactive policy framework, a dynamic business environment, and increasing international competitiveness, the statement said.
FDI has played a transformative role in India’s development by providing substantial non-debt financial resources, fostering technology transfers, and creating employment opportunities.
Initiatives like ‘Make in India,’ liberalised sectoral policies, and the Goods and Services Tax (GST) have enhanced investor confidence, while competitive labour costs and strategic incentives continue to attract multinational corporations.
India’s remarkable achievement in attracting FDI can be attributed to a range of contributing factors, according to the Ministry.