Confederation of Indian Industry (CII) said Monday that India's consumer durables market is expected to touch a size of Rs 5 lakh crore by FY30 and will become the fourth largest in the world by 2027.
Keeping the upward trajectory, the Reserve Bank of India (RBI) saw net foreign direct investment (FDI) growing in the first four months of FY25, owing to an increase in gross FDI flows.
Prime Minister Narendra Modi will be visiting Wardha in Maharashtra's Vidarbha region on Friday to participate in the 'National PM Vishwakarma Programme'.
Maharashtra has topped in attracting the highest Foreign Direct Investment (FDI) during the first quarter of the current financial year 2024-2025.
This will facilitate the global expansion of Indian companies through mergers, acquisitions, and other strategic initiatives, enabling them to reach new markets and grow their presence worldwide, said a Finance Ministry statement.
The country is emerging as a top destination for foreign investment in the manufacturing sector and in the last decade, foreign direct investment (FDI) inflows in the sector surged almost 69 per cent to reach $165.1 billion, according to the government.
The Union Government has permitted 100 per cent Foreign Direct Investment (FDI) via automatic route for aircraft maintenance, repair and overhaul (MRO).
The Uttar Pradesh government has set up three dedicated country desks at ‘Invest UP’ (the investment promotion and facilitation agency of the UP government) to facilitate FDI investments.
The dynamics of foreign direct investment (FDI) serve as a barometer of a country’s attractiveness and competitiveness. Amidst the shifting tides of geopolitics and supply chain diversification, India finds itself at a critical juncture, grappling with the implications of its FDI performance vis-à-vis the China-plus one strategy.
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
