Foreign direct investment (FDI) in India dipped by 5.6% year-on-year to $10.9 billion in October-December quarter of this fiscal due to global economic uncertainties, government data said on Monday. FDI inflows during October-December 2023-24 stood at $11.55 billion.
Mr Mitra, while opposing the Union Budget alleged that the Union government has announced 100 per cent FDI (foreign direct investment) in insurance sector but simultaneously it has not stopped collecting 18 per cent GST.
The Union Budget 2025-26 aims to initiate transformative reforms across six domains which will augment the country's growth potential and global competitiveness during the next five years, Union Finance Minister Nirmala Sitharaman said today while presenting the Union Budget 2025-26 in Parliament.
The Finance Ministry's Department of Economic Affairs (DEA), spearheaded successful initiatives to enhance India's economic resilience and global integration in 2024, according to a year-ender review released on Wednesday.
“This landmark achievement was bolstered by a nearly 26 per cent rise in FDI to $42.1 billion during the first half of the current fiscal year,” the review stated.
In the last decade or so, there has been a renewed urge to implement the reform process. India has reaffirmed its policy to follow fiscal prudence, with a new time path for reducing the national fiscal deficit to 3 per cent of GDP.
Inflow of foreign direct investment (FDI) to India is expected to surge to a record $100 billion in the current financial year helped by the Make-in-India initiative and steps taken by the government to improve the country's ranking in ease of doing business.
Annual Foreign Direct Investment (FDI) nearly doubled to $83 billion as 'Make in India', the flagship scheme of the government to facilitate investment and foster innovation, completed eight years. As per the Ministry of Commerce and Industry, FDI inflows stood at $45.15 billion in 2014-2015. The year 2021-22 recorded the highest ever FDI at $83.6 billion.
India's FDI inflow has increased 20-fold since FY03-04 when the inflow was USD 4.3 billion only.
Further to enhance India’s manufacturing capabilities and exports, Government has earmarked an outlay of INR 1.97 lakh crore
