India's FDI Surge: Aiming for $100 Billion Annual Inflows

India is experiencing a surge in foreign direct investments, ranging between USD 70-80 billion annually. The Department for Promotion of Industry and Internal Trade (DPIIT) expects this figure to increase to USD 100 billion per year. Significant measures have been taken to facilitate this influx and liberalize various sectors.

India is receiving foreign direct investments (FDI) of USD 70-80 billion every year and is anticipated to reach USD 100 billion per annum in the coming years, according to a top government official on Wednesday.

Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), Amardeep Singh Bhatia, announced that the department is streamlining approval processes for FDI applications.

The government has implemented several measures to boost investments, including easing regulations in critical sectors such as defense, railways, insurance, and telecom.

(With inputs from agencies.)