Budget 2023: Foreign direct investments stay robust
Foreign direct investments have exceeded $50 billion for the last three consecutive years
Foreign direct investments have exceeded $50 billion for the last three consecutive years
India remains of the world's major go-to destinations for foreign direct investment.
India received 27.01% of FDI inflows from Singapore, followed by 17.94% from the US in FY22.
India witnessed a flurry of 108 new FDI deals in 2021, compared with an average of 20 in the last 10 years, says UNCTAD.
Global FDI flows showed a strong rebound in 2021, up 77% to an estimated $1.65 trillion, says UN Conference on Trade and Development.
This year’s Union Budget has raised the sectoral cap in insurance. But a favourable regulatory environment is necessary for some other sectors which have huge potential for growth.
Foreign investors would want the Budget to provide some clarity in rules and tax relief for certain sectors.
Invest India has won the 2020 UNCTAD prize for the best investment promotion agency in the world. Here's why foreign direct investment levels in India reflect a deep-seated hope in the country’s rise.
According to the UN body, global foreign direct investment flows fell 49% in the first half of 2020, compared to 2019, due to the economic fallout from Covid-19.