As a result of initiatives like ‘Make in India’, how much FDI did India attract between April 2014 and March 2024?
As a result of initiatives like ‘Make in India’, how much FDI did India attract between April 2014 and March 2024?
मेक इन इंडिया’ जैसी पहल के परिणामस्वरुप, अप्रैल 2014 से मार्च 2024 के बीच भारत ने कितना FDI आकर्षित किया?
Detailed Solution & Logic
$667.41 billion/$667.41 बिलियन
Background of Make in India (2014)
Launched in September 2014 by the Government of India to transform India into a global manufacturing hub.
Focused on easing regulations, improving infrastructure, and encouraging both domestic and foreign investment.
Targeted 25 key sectors including automobiles, textiles, defense, electronics, and renewable energy.
FDI Inflows (2014–2024)
Between April 2014 and March 2024, India received USD 667.41 billion in FDI.
This accounted for nearly 67% of the total FDI inflows India received in the last 24 years.
The surge reflects investor confidence in India’s reforms, market potential, and policy stability.
Why FDI Increased
Policy Liberalization: Relaxation of FDI caps in sectors like defense, insurance, and retail.
Ease of Doing Business: Streamlined approval processes, digitization, and reduced bureaucratic hurdles.
Infrastructure Push: Investments in industrial corridors, smart cities, and logistics.
Global Positioning: India marketed itself as a cost-effective, skilled labor destination for manufacturing and services.
Impact on Economy
Boosted manufacturing output and exports.
Generated millions of jobs in sectors like electronics, automobiles, and textiles.
Strengthened India’s integration with the global supply chain.
Helped India emerge as one of the top FDI destinations worldwide.
In summary: Thanks to Make in India and related reforms, India attracted USD 667.41 billion in FDI between 2014 and 2024, marking a historic leap in its global economic integration.
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