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India's FDI inflow standing improves as per World Investment Report

India Blooms News Service | | 01 Aug 2016, 03:15 pm
New Delhi, Aug 1 (IBNS): India's position in the “FDI inflow list of UNCTAD” has improved, informed Minister of Commerce & Industry Nirmala Sitharaman on Monday. The World Investment Report (WIR) 2016 has shown 26 per cent rise in Foreign Direct Investment (FDI) inflow, she said in a written reply to the Lok Sabha.

India currently is in the 10th position whereas, according to WIR-2015, it ranked 15th in 2013. India has been ranked 3rd in the list of top prospective host economies for 2016-18, the minister said.

Trends in India’s FDI are an endorsement of its status as a preferred investment destination among global investors.

During the financial year 2015-16, the highest ever FDI inflow of US$ 55.46 billion has been received.

The ministers said the central government does not fix targets for FDI inflows as FDI is largely a matter of private business decisions. Government of India has put in place a liberal and investor friendly FDI policy.

FDI inflows depend on a host of factors such as availability of natural resource, market size, infrastructure, political and general investment climate as well as macro-economic stability and investment decision of foreign investors.

The minister further said that review of FDI policy is an ongoing process and significant changes are made in the FDI policy regime, from time to time, to ensure that India remains an attractive investment destination. These measures are expected to increase FDI, which complements and supplements domestic investment. Domestic companies are benefited through FDI, by way of enhanced access to supplementary capital and state-of-art-technologies; exposure to global managerial practices and opportunities of integration into global markets resulting into accelerated domestic growth of the whole country.