FDI in India
- Foreign Direct Investment into the country has increased by 40 % to $ 29.44 billion in April- December in the current fiscal against $ 21. 04 billion in the same period of previous fiscal.
- Union government has taken several steps to attract more investors to invest in the country.
- Economic Survey 2015-16 emphasized favorable policy regime and attractive business environment have facilitated this notable increase in FDI inflows.
Top Investing Countries in FDI:
The investment inflows of FDI from 2000-2016 has steady growth, however over the years Mauritius, Singapore, UK are the countries were contributed with major Investments , the Data for April- December of 2015 this fiscal enlisted below.
- Singapore ($ 10, 985 million)
- Mauritius ($ 6, 105 million)
- United States of America($ 3, 511 million)
- Netherlands ($ 2, 147 million)
- Japan($ 1, 082 million)
United Kingdom, Cyprus, Germany, France UAE were the other top investors over the years.
Major Sectors Attracting FDI Inflows:
- Computer Software and Hardware ($ 5, 306 million)
- Services Sector($ 4, 258 million)
- Trading ($ 2, 717 million)
- Automobile Industry ($ 1, 781 million)
- Chemicals & Fertilizers($ 1, 197 million)
Foreign Direct Investment:
Financial times reported that in 2015, India attracted investment of $31 billion toppling China and US that were gained $ 28 billion and $ 27 billion respectively.
FDI comes into the country through two routes namely,
- Automatic Route ( Without prior approval by GOI or RBI)
- Government Route