India has achieved a remarkable milestone in its economic journey, with total foreign direct investment (FDI) reaching an impressive USD 1 trillion since April 2000. -25.
Such growth reflects India’s growing appeal as a global investment destination, the Ministry of Commerce and Industry asserted in a statement. “FDI has played a transformative role in India’s development by providing substantial non-debt financing, promoting technology transfer, and creating employment opportunities.”
“Initiatives such as Make in India, liberalized sectoral policies, and the Goods and Services Tax (GST) have boosted investor confidence, while competitive labor costs and strategic incentives have given multinational corporations their keep attracting.”
During the last decade (April 2014 to September 2024), the total FDI inflow was US$ 709.84 billion, which is 68.69% of the total FDI in the last 24 years. To promote FDI, the government has formulated an investor-friendly policy whereby most sectors, except strategically important sectors, are open to 100 percent FDI under the automatic route.
Additionally, to make tax compliance easier for start-ups and foreign investors, the Income Tax Act, 1961 was amended in 2024 to abolish the angel tax and income tax on foreign company income. rate can be reduced.
As India continues to align with global economic trends, the government believes it is well positioned to further strengthen its role globally while promoting sustainable growth and development.