The annual inflow of foreign direct investment (FDI) to India is expected to reach $100 billion in the coming years, up from an average of $67 billion over the past decade. The Department for Promotion of Industry and Internal Trade (DPIIT) has streamlined the approval process for FDI applications in key sectors like defence, railways, telecom, and insurance, aiming to boost FDI inflows.
In the first quarter of the current financial year, FDI inflows to India surged to $22.49 billion, showing a significant increase from the same period last year. Cumulative FDI inflow between 2014 and 2024 reached $667.4 billion, marking a substantial rise compared to the previous decade.
The Make-in-India initiative, launched in 2014 by Prime Minister Narendra Modi, aims to enhance domestic manufacturing and reduce dependency on imports. The initiative has led to a significant increase in India’s industrial capacity and export competitiveness over the past decade.
With Make in India 2.0 focusing on sustainability, innovation, and self-reliance, the initiative is driving strategic interventions in renewable energy and advanced manufacturing to meet global standards. The Production-Linked Incentive (PLI) scheme introduced in 2020 has attracted Rs 1.32 lakh crore ($16 billion) in investments and generated over 8.5 lakh jobs.
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