Over the last decade, i.e., April 2014 to September 2024, total FDI inflows amounted to $709.84 billion, accounting for 68.69 per cent of the overall FDI inflows in the last 24 years.
Gross FDI inflows into India have reached $1 trillion since April 2000, bolstered by a nearly 26-per cent YoY rise in FDI to $42.1 billion during H1 FY25, according to the ministry of commerce and industry.
Between April 2014 and September 2024, total FDI inflows into India were worth $709.84 billion, accounting for 68.69 per cent of the overall FDI inflows in the last 24 years.
India’s remarkable achievement in attracting FDI can be attributed to competitiveness and innovation; global investment standing; improved business environment and policy reforms, the ministry said in a release.
India’s ranking in the World Competitive Index 2024 jumped three positions to 40th, from 43rd in 2021. India was also named as the 48th most innovative country among the top 50 nations, securing the 40th position out of 132 economies in the Global Innovation Index 2023, a significant improvement from its 81st position in 2015.
The country was the third largest recipient of greenfield projects, with 1,008 such announcements, as per the World Investment Report 2023.
The number of international project finance deals in India also increased by 64 per cent, making it the recipient of the second largest number of international project finance deals.
India climbed from 142nd in 2014 to 63rd in the World Bank’s Doing Business Report (DBR) 2020, published in October 2019 before its discontinuation.
According to the Reserve Bank of India, gross inward FDI grew to $42.1 billion between April and September this year—up from $33.5 billion in the corresponding period in 2023.
Taiwanese companies are increasingly shifting their supply chains to India due to global trade tensions. FDI from Taiwan to India surpassed $665 million between 2318 and 2024.
Fibre2Fashion News Desk (DS)
