In past years India always suffered to meet the demand for the Foreign Direct Investment (FDI). The FDI inflow into India was very less until the arrival of the Prime Minister Narendra Modi’s dream project ‘Make In India’.
PM Modi wants to make India a manufacturing hub for which India needs a huge sum of capital in the form of FDI. By visiting so many countries and maintaining good relations globally has helped India with the massive inflow of FDI.
A great news for the nation indeed!
Foreign Direct Investment in the country rose by 27% during April-October 2016-17 to $27.82 billion over corresponding period last year. According to government statistics, FDI inflows in the country during April-October 2015-16 stood at $21.87 billion.
The main sectors which have attracted the foreign inflows include services, telecom, trading, computer hardware and software and automobile.