New Delhi:

This week India crossed a major milestone as a top global investment destination. Latest data reveals that Foreign Direct Investment into India crossed the thousand-billion-dollar mark since the turn of the century, showing how India has been the favoured destination for foreign investors.

The data released by the Department for Promotion of Industry and Internal Trade or DPIIT showed that the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion (or $1 trillion) between April 2000 and September 2024.

To get a perspective of just how gigantic a trillion dollars really is, let’s take this simple example – If a person was to earn one dollar (Rs. 84) per second (i.e. a trillion dollars in trillion seconds) – then it would take the person 11.5 days to earn a million dollars. But here’s where is gets interesting. Continuing to earn a dollar a second, it would take the person 31.7 years to reach the billion-dollar mark, and a staggering 31,709 years to reach the trillion-dollar figure.

Another thought-provoking way to look at this is that India, which is the fifth largest global economy, has an overall GDP of around $3.89 trillion in 2024. It used to be around $2 trillion in 2014. Now compare that to the FDI inflow of $1 trillion in the last two decades.

SOURCE OF THE FDI

So, where did all this investment come from? Which are the countries from which these investments flowed in? One might assume that the top spot would be either the US, which is the largest economy in the world, or perhaps China, which is the second-largest economy globally. But it’s neither.

The country which has contributed the most in terms of FDI in India during this period is Mauritius – a massive 25 per cent of all FDI inflows came via this route. Mauritius was closely followed by Singapore at 24 per cent. The United States of America came a distant third with 10 per cent.

Other countries which have invested significantly in India include The Netherlands at 7 per cent, Japan at 6 per cent, The UK at 5 per cent, UAE at 3 per cent, and the Cayman Islands, Germany, and Cyprus all accounting for 2 per cent each.

SECTORS WHICH SAW BIG INVESTMENT

The sector which saw the highest investment was the services and allied sector. There was significant investment in computer software and hardware, telecommunications, trading, construction, infrastructure development, automobile, chemicals, and pharmaceuticals.

FDI INFLOWS ON THE RISE

Of the 1,033 billion dollars, USD 667.4 billion came in the last ten years between 2014 and 2024 showing a 119 per cent uptick in investment when compared to the previous decade. The data also revealed that FDI inflows have come for nearly 60 sectors across 31 states and union territories in India.

To attract more investment over time, India has also made its investment policies liberal and lucrative. Reforms have resulted in most sectors, barring ones of strategic importance, see 100 per cent FDI under the automatic route.

Giving impetus to the ‘Make in India’ initiative, the manufacturing sector has seen a 69 per cent rise in FDI in the last ten years as compared to the prior ten.

WHICH SECTORS ARE OPEN AND WHAT IS THE PROCEDURE

FDI is allowed through the automatic route in most of the sectors, while in areas like telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

Under the government approval route, a foreign investor has to get a prior nod from the ministry or department concerned, whereas, under the automatic route, an overseas investor is only required to inform the Reserve Bank of India (RBI) after the investment is made.

At present, FDI is prohibited in some sectors. They are lottery, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.

(Inputs from PTI)
 

New Delhi:

This week India crossed a major milestone as a top global investment destination. Latest data reveals that Foreign Direct Investment into India crossed the thousand-billion-dollar mark since the turn of the century, showing how India has been the favoured destination for foreign investors.

The data released by the Department for Promotion of Industry and Internal Trade or DPIIT showed that the cumulative amount of FDI, including equity, reinvested earnings and other capital, stood at USD 1,033.40 billion (or $1 trillion) between April 2000 and September 2024.

To get a perspective of just how gigantic a trillion dollars really is, let’s take this simple example – If a person was to earn one dollar (Rs. 84) per second (i.e. a trillion dollars in trillion seconds) – then it would take the person 11.5 days to earn a million dollars. But here’s where is gets interesting. Continuing to earn a dollar a second, it would take the person 31.7 years to reach the billion-dollar mark, and a staggering 31,709 years to reach the trillion-dollar figure.

Another thought-provoking way to look at this is that India, which is the fifth largest global economy, has an overall GDP of around $3.89 trillion in 2024. It used to be around $2 trillion in 2014. Now compare that to the FDI inflow of $1 trillion in the last two decades.

SOURCE OF THE FDI

So, where did all this investment come from? Which are the countries from which these investments flowed in? One might assume that the top spot would be either the US, which is the largest economy in the world, or perhaps China, which is the second-largest economy globally. But it’s neither.

The country which has contributed the most in terms of FDI in India during this period is Mauritius – a massive 25 per cent of all FDI inflows came via this route. Mauritius was closely followed by Singapore at 24 per cent. The United States of America came a distant third with 10 per cent.

Other countries which have invested significantly in India include The Netherlands at 7 per cent, Japan at 6 per cent, The UK at 5 per cent, UAE at 3 per cent, and the Cayman Islands, Germany, and Cyprus all accounting for 2 per cent each.

SECTORS WHICH SAW BIG INVESTMENT

The sector which saw the highest investment was the services and allied sector. There was significant investment in computer software and hardware, telecommunications, trading, construction, infrastructure development, automobile, chemicals, and pharmaceuticals.

FDI INFLOWS ON THE RISE

Of the 1,033 billion dollars, USD 667.4 billion came in the last ten years between 2014 and 2024 showing a 119 per cent uptick in investment when compared to the previous decade. The data also revealed that FDI inflows have come for nearly 60 sectors across 31 states and union territories in India.

To attract more investment over time, India has also made its investment policies liberal and lucrative. Reforms have resulted in most sectors, barring ones of strategic importance, see 100 per cent FDI under the automatic route.

Giving impetus to the ‘Make in India’ initiative, the manufacturing sector has seen a 69 per cent rise in FDI in the last ten years as compared to the prior ten.

WHICH SECTORS ARE OPEN AND WHAT IS THE PROCEDURE

FDI is allowed through the automatic route in most of the sectors, while in areas like telecom, media, pharmaceuticals and insurance, government approval is required for foreign investors.

Under the government approval route, a foreign investor has to get a prior nod from the ministry or department concerned, whereas, under the automatic route, an overseas investor is only required to inform the Reserve Bank of India (RBI) after the investment is made.

At present, FDI is prohibited in some sectors. They are lottery, gambling and betting, chit funds, Nidhi company, real estate business, and manufacturing of cigars, cheroots, cigarillos and cigarettes using tobacco.

(Inputs from PTI)
 

New Delhi:

Prime Minister Narendra Modi today said this is the right time to join India’s growth story, as German Chancellor Olaf Scholz met the Prime Minister in the national capital with a business delegation.

Addressing the 18th Asia-Pacific Conference of German Business 2024, PM Modi said the time is ripe for foreign investors to participate in India’s growth story, and join the ‘Make in India’ initiative and ‘Make for the World’.

“This is the right time to join India’s growth story as the country is becoming a global trade and manufacturing hub,” PM Modi said, adding that the country stands on strong pillars of democracy, demography, demand, and data.

Germany has expressed that India’s skilled manpower is amazing as the European nation has decided to increase visas for the skilled Indian workforce from 20,000 to 90,000.

Chancellor Scholz arrived in Delhi late on Thursday as part of his three-day official visit to India.

The German Chancellor said he wanted to deepen defence ties with India and bring the two countries’ militaries closer.

“Our overall message is clear, we need more co-operation, not less. At our inter-governmental consultations with India, we also want to deepen cooperation in defence and agree to bring our militaries together,” he said.

The German Chancellor will travel to Goa on Saturday, where the German naval frigate ‘Baden-Wuerttemberg’ and combat support ship ‘Frankfurt am Main’ are making a scheduled port call as part of Germany’s Indo-Pacific deployment.

Earlier in the day, Union Commerce and Industry Minister Piyush Goyal emphasised understanding and respecting mutual sensitivities to fast-track India-EU free trade agreement (FTA) talks.

Addressing the Asia-Pacific Conference of German Business, the minister stated that “extraneous” issues like labour and climate change should be discussed at international forums.

“A trade deal could be concluded swiftly if sensitivities were respected on both sides,” Goyal told the Asia-Pacific conference of German business in the Indian capital, attended by German Economy Minister Robert Habeck.
 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

New Delhi:

Prime Minister Narendra Modi today spoke about India’s rise globally at the NDTV World Summit. He spoke about why the 21st Century is ‘The India Century’, how the country is growing rapidly, and how investors from around the world are excited about India being the fastest growing major economy.

Launching NDTV World, PM Modi spoke about the pace and momentum with which India is growing. The prime minister said, “Looking at India’s rapid growth – the fastest in the world – and the infrastructure build-up in the country, several global ratings agencies have upgraded India’s growth forecast.” He went on to say that “Investors from around the world are keenly tracking India’s growth and are excited about investing in the fastest growing market.”

Mentioning global investor Mark Mobius, Prime Minister Narendra Modi said that he “advises global fund managers that they should invest at least 50 per cent of their funds in the Indian stock market.” He said that this shows how closely investors like him are following the India growth story.

“Today, India is a nation that is both developing at a record pace, as well as an emerging global power,” PM Modi said, adding that when India speaks, the world listens.

“India knows how to move towards eradicating poverty while also knowing how to build a road to progress,” he further said.

In the last ten years, India’s stock market has gone from 22,300 to over 81,000, while India’s economy took 63 years, from Independence to 2010, to reach a GDP of $1 trillion, it took just seven years to reached $2 trillion – in 2017, and by 2020 it reached $3 trillion. India has gone from being the 11th largest economy to now being the 5th largest economy in the world in less than 10 years.

“I meet many people who tell me, ‘India is now the fifth largest economy in the world, so many milestones have been achieved, reforms implemented, then why are you working so hard?’ In the last 10 years, 12 crore toilets have been built, and 16 crore homes have gas connections… is this enough? My answer is no. This is not enough. Today India is among the youngest countries in the world. This youth potential can take us to the skies,” the Prime Minister said.

“The dreams we have seen, the pledge we have made, there is no rest, no relaxation,” he added.

PM Modi also said that when India grows, the world grows. There is no ill-feeling or negativity around India’s growth story. That, he said, is because India has friendly ties with almost all nations in the world and takes everyone along.
 

New Delhi:

Prime Minister Narendra Modi today spoke about India’s rise globally at the NDTV World Summit. He spoke about why the 21st Century is ‘The India Century’, how the country is growing rapidly, and how investors from around the world are excited about India being the fastest growing major economy.

Launching NDTV World, PM Modi spoke about the pace and momentum with which India is growing. The prime minister said, “Looking at India’s rapid growth – the fastest in the world – and the infrastructure build-up in the country, several global ratings agencies have upgraded India’s growth forecast.” He went on to say that “Investors from around the world are keenly tracking India’s growth and are excited about investing in the fastest growing market.”

Mentioning global investor Mark Mobius, Prime Minister Narendra Modi said that he “advises global fund managers that they should invest at least 50 per cent of their funds in the Indian stock market.” He said that this shows how closely investors like him are following the India growth story.

“Today, India is a nation that is both developing at a record pace, as well as an emerging global power,” PM Modi said, adding that when India speaks, the world listens.

“India knows how to move towards eradicating poverty while also knowing how to build a road to progress,” he further said.

In the last ten years, India’s stock market has gone from 22,300 to over 81,000, while India’s economy took 63 years, from Independence to 2010, to reach a GDP of $1 trillion, it took just seven years to reached $2 trillion – in 2017, and by 2020 it reached $3 trillion. India has gone from being the 11th largest economy to now being the 5th largest economy in the world in less than 10 years.

“I meet many people who tell me, ‘India is now the fifth largest economy in the world, so many milestones have been achieved, reforms implemented, then why are you working so hard?’ In the last 10 years, 12 crore toilets have been built, and 16 crore homes have gas connections… is this enough? My answer is no. This is not enough. Today India is among the youngest countries in the world. This youth potential can take us to the skies,” the Prime Minister said.

“The dreams we have seen, the pledge we have made, there is no rest, no relaxation,” he added.

PM Modi also said that when India grows, the world grows. There is no ill-feeling or negativity around India’s growth story. That, he said, is because India has friendly ties with almost all nations in the world and takes everyone along.