India aims to stimulate “Direct investment from abroad” 110,000 million dollars/year

India aims to stimulate “Foreign direct investment” of 110,000 million dollars/year, hoping to enhance economic growth. Moving forward towards an alternative manufacturing center to China.

On July 18, 2567, Bloomberg News reported that A top official of the government's investment promotion agency said India aims to stimulate foreign direct investment of more than 50% to help boost economic growth, according to the government's investment promotion agency.

Nivruti Rai, Managing Director, Invest India said “Over the next seven years, India's target is to attract US$7 billion per year. This represents approximately US$110,000 trillion over the next 1 years. We must work hard to grow at a rate above 10%.”

India's average annual foreign direct investment (FDI) for the seven years ending March 7 is $2566 billion.

Meanwhile, official government data shows a decline in foreign direct investment (FDI) in India from 2565 even as the country aims to become an alternative manufacturing hub to China. Companies such as Apple Inc. have set up factories in the country in recent years.

Invest India has highlighted 8 priority areas for investment including electronics manufacturing, automotive, infrastructure. green energy food processing, textiles, medicine, and investment from foreign institutions It is believed that these sectors will help India achieve economic growth of more than 10%.

refer :bloomberg.com

📌 Read news related to All Asian economic situations can be found here. 📌