New Delhi, July 14 (ANI): The Commerce and Industry Ministry has in a statement said on Tuesday that the growth in foreign direct investment equity inflows (FDI) has seen a 48 percent increase after the launch of the Make in India initiatives by Prime Minister Narendra Modi in September 2014.
In 2014-15, country witnessed unprecedented growth of 717 percent, to USD 40.92 billion of Investment by Foreign Institutional Investors (FIIs).
The FDI inflow under the approval route saw a growth of 87 percent during 2014-15 with inflow of USD 2.22 billion despite more sectors having been liberalised during this period and with more than 90 percent of FDI being on automatic route.
These indicators showcases remarkable pace of approval being accorded by the government and confidence of investors in the resurgent India.
The increased inflow of Foreign Direct Investment (FDI) in India, especially in a climate of contracting worldwide investments indicates the faith that overseas investors have imposed in the country’s economy and the reforms initiated by the Government towards ease of doing business.
The Make in India initiatives of the Government and its outreach to all investors have made a positive investment climate for India which is evidenced in the results for the last financial year especially the second half. (ANI)