FDI Investment In India 2022: A good news is coming out about the economy of India. In fact, the Modi government at the Center claims that one of its major programs, Make in India, is playing an important role in rejuvenating India’s economy. With this a new picture of India has been created in front of the world. Now the world is starting to see India as a major manufacturing center.
Make in India completes 8 years
The central government says that foreign direct investment (FDI) is growing rapidly in the country and it will reach $100 billion in the current financial year 2022-23. The government has made a good effort to make FDI investment in India simple and easy. The government had launched the Make in India scheme in 2014 to expand skill development facilities in the country. It will complete 8 years on 25 September 2022.
FDI doubled in 8 years
The Union Ministry of Commerce and Industry said on Saturday that the annual FDI in India has doubled to $83 billion in these 8 years. According to the ministry, the central government is focusing the world’s attention on important sectors like semiconductors in the country so that the Prime Minister Narendra Modi To fulfill the dream of self-reliant India.
business made easy
The ministry says that due to the lightening of the burden of rules on new units in the country, the cost has come down. Due to which doing business in the country has become easier. Production Linked Incentive Scheme (PLI) launched by the government has encouraged local manufacturing in all the 14 approved sectors so far.
Toys exports increased
Companies from 101 countries of the world are working on direct investment in India. The ministry claims that foreign direct investment (FDI) in India will reach $100 billion in the current financial year. At the same time, between April and August this year, the export of toys from India has been 636 percent faster than the same period of 2013. FDI was equivalent to $45.15 billion in the year 2014-15, which has reached $83.6 billion in the financial year 2021-22. FDI investment has taken place in 57 types of industries in 31 states and union territories in India.
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