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.
While the World Bank is funding two projects for Rs 5,800 crore, the Japan International Cooperation Agency is funding the highest 7 NHAI projects to the tune of Rs 10,983 crore.
Goyal said global sentiments have changed from ‘Why India?’ to ‘Why Not India!’, and today ‘We must be in India!’
Goyal said the two countries are moving towards an early harvest trade agreement, with a comprehensive FTA as the next step.
The Netherlands is interested in collaborating with India on miniaturization of satellites, nano satellites, components and subsystems, said Nico van Putten of Netherlands Space Office.
FDI in India grew by 15 per cent to $30 billion during the first half of the current fiscal.
