India aims for $100 billion annual FDI amid investor diversification away from China.

India targets $100 billion annual FDI as it attracts investors seeking diversification beyond China. Rajesh Kumar Singh, Secretary in the Department for Promotion of Industry and Internal Trade, revealed this ambitious goal, which contrasts with an annual average of over $70 billion in FDI in the five years leading up to March 2023. This potential reversal in trend follows last year's decline. Singh indicated that the figure for the current fiscal year is expected to be closer to the $100 billion target.

April 06, 2024
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