The growth story of foreign direct investment into India will get better from the new as the country witnessed a growing interest among amongst the overseas investors around the globe amid government is looking into measures to further accelerate the business climate die to relations in the norms of the FDI along with the defense production will be particularly among those sectors that will be seen as bet for fresh investments from the aboard in the months forward while easing burden of compliance for the business will also be as a part of the priority by the government. FDI into India recorded a substantial growth irrespective of the COVID-19 pandemic admitted by Guruprasad Mohapatra, the secretary in the department for the promotion of industry and international trade. Facebook made a thick investment in Mukesh Ambani’s JIO platform added 43.5 billion to India’s FDI between January the September in the period 2020 and counting on to bullish trend is expected to continue.
Even in the global slowdown some of the main triggers for these investors to look towards India are the larger geopolitical scenario, a liberal and amiable FDI program in India, sectoral strategies, and structural reforms introduced by the government at the Centre and the state levels. Apart from this, India also offers a large and shortly growing consumer market. This is an ideal situation for any global business seeking modern growth parkways.
The government has also received a foreign direct investment (FDI) up to Rs 12,000 crore from the neighboring country China since the month of April when it was made easily required for a company from countries splitting a land border with India to invest in any sector only after getting government authorization, the sources have confirmed. As per that decision made by FDI against the proposals from China require the government’s approval for investments in any sector of India.