Insta
FDI Inflows Into India Likely To Rise To 2.5 Per Cent Of GDP In Next Five Years: Report
New Rs 500 and Rs 2,000 notes. (INDRANIL MUKHERJEE/AFP/GettyImages)
Backed by economic growth and ongoing structural reforms, Foreign Direct Investment (FDI) inflow into India will rise to 2.5 per cent of the Gross Domestic Produce (GDP), a new report prepared by UBS Securities India says.
According to the report, FDI has doubled in the last 10 years to reach $42 billion and stood at 1.9 per cent of GDP in 2016-17. The report also stated that FDI inflows into India saw a compound annual growth rate of 11 per cent following 2014 general election against a dip of 6 per cent seen over the previous five years.
The report said that India has recorded a growth in FDI inflows to the manufacturing sector in the last few years. FDI flows into manufacturing “bodes well for creating a productive spill-over impact on other sectors of the economy; for instance, boosting exports and creating jobs,” the report reads.
It added that India needs “to focus on attracting stable FDI flows to improve the competitiveness of its manufacturing sector and to make it an integral part of the global value chain”.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
