FDI in India surging as global investors see top destination: Piyush Goyal
Commerce and Industry Minister Piyush Goyal has said that foreign direct investment (FDI) inflows into the country are surging, with investors from the Middle East, Japan, European Union, and the US recognising India's status as a top investment destination, driving rapid economic growth and generating millions of new jobs.
Goyal said that global investors are showing keen interest in India as the country offers several advantages such as strong domestic market, skilled and talented workforce and rule of law. He added that India's stable and predictable regulatory framework, coupled with a favourable business environment and progressive policies aimed at enhancing ease of doing business, is attracting an increasing number of investors from around the world.
Further, he noted ‘Last month I met a CEO of one of the largest funds in the US, who is also the largest investor in India, and he shared with me that his investments in India over the last 10 years have been some of the best investments his funds have ever done.’ The US fund, Goyal said, informed him that they are investors in India for the last 20 years, but more than 80 per cent of their investments happened in the last few years.
In the January-September period this year, FDI into the country rose by about 42 per cent to $42.13 billion. The inflow was at $29.73 billion in the year-ago period. The inflows during April-Sept 2024-25 grew by 45 per cent to $29.79 billion against $20.48 billion in the same period previous fiscal. Total FDI in 2023-24 was a healthy $71.28 billion.
